GÖRGÜN SKIPS EXPORT TARGET, SETS PROJECT MILESTONES FOR 2026
Head of the Defense Industries Presidency (SSB) Haluk Görgün refrained from announcing a total export target for the defense industry, instead outlining project-based goals for 2026.
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U.S. TARIFF MOVE PUTS TURKEY’S IRAN TRADE AT RISK
A new U.S. tariff move targeting countries that do business with Iran is placing billions of dollars of Turkey’s trade at risk, with exports to the United States and energy trade with Iran most exposed.
TURKEY AND ITALY AGREE LANDING GEAR MAINTENANCE DEAL
Turkey and Italy signed a joint venture agreement for landing-gear maintenance, starting with T129 attack helicopters produced by Turkish Aerospace Industries, and aiming to expand capacity for military and civilian aircraft.The Military Factory and Shipyard Management Corporation of Turkey and Italy’s Magnaghi Aerospace will establish a joint maintenance center in Turkey. The Turkish side plans to extend services to civilian platforms, aiming to make Turkey a regional hub for landing gear maintenance and exports. The deal was signed during the technology and defense festival Teknofest Istanbul, on Sept. 19.
TURKEY EYES SPOT AMONG WORLD’S LEADING DEFENSE EXPORTERS
Turkey is set to become one of the world’s top 10 defense exporters this year, according to Treasury and Finance Minister Mehmet Şimşek.
MKE TO EXPORT 20MM AMMUNITION TO POLAND
Turkey’s state-owned Mechanical and Chemical Industry Corporation (MKE) has signed an agreement to supply 20mm ammunition to Poland for use with KAI FA-50GF Block 10 light combat aircraft.
ASSAN HIT BY FRAUD AND ESPIONAGE CLAIMS
ASSAN, one of Turkey’s top private-sector ammunition producers and an exporter to more than 60 countries, is under scrutiny following allegations of illegal staffing, supply delays, fraud, and improper transfer of state-developed defense technologies, according to Cumhuriyet daily.
MÜSİAD: EXPORTERS NEED DOLLAR AT MINIMUM 45 LIRA BY YEAR-END
Independent Industrialists' and Businessmen's Association (MÜSİAD) President Burhan Özdemir said exporters want the lira to weaken by more than 10% against the dollar.
NEW CODES OF TURKISH FOREIGN MINISTRY
When a Canadian camera was found in a downed Turkish drone in the war in Nagorno Karabakh, the Canadian government canceled the product’s export permit in April 2021. “The use of technology in this way is inconsistent with Canada’s foreign policy and Turkey’s end-user commitments,” said the country’s then-foreign minister.
U.S. DRILLS RATTLE TURKEY’S ENERGY ASPIRATIONS
Turkey, a major fossil fuel importer, will walk a fine line as Donald Trump’s return to the presidency sees the U.S. reviving its “energy dominance” policy—a policy widely anticipated to disrupt global energy dynamics. Characterized by ramping up fossil fuel production and expanding energy exports, the restored agenda, now under the new Energy Secretary Chris Wright, a prominent figure in the petroleum industry, will double down on fossil fuels, reversing the Biden administration’s renewable energy priorities.