Revenues from sales of arms and military services by the 100 largest companies in the industry totalled $597 billion in 2022, 3.5 per cent less than 2021 in real terms, even as demand rose sharply, according to new data released today by the Stockholm International Peace Research Institute (SIPRI).
According to the data, four Turkish companies were listed in top 100. While Aselsan was 60th with $2.02 billion revenue, Baykar was 76th with $1,42 billion, Tusaş 82th with $1,26 billion and Roketsan 100th with $0,79 billion.
The four Turkish companies’ total arms revenues reached $5.5 billion—22 per cent more than in 2021.
More Turkish companies are expected to enter the list as their sales volumes increase sharpl every year.
