While the upward trend was prominent in defense industry companies last year, the investments and projects of the companies had a positive impact on their share performance. While two defense industry companies went public last year, it was observed that these companies made gains for their investors in the stock market after their public offerings.
Shares of Altınay Defense Technologies gained 133.5 percent in value last year. Altınay Defense Technologies started trading on the stock exchange on May 16, 2024 last year.
ASELSAN, the locomotive of the defense and industry sector, also earned 61.5 percent for its investors last year.
ASELSAN plays a critical role in protecting the communication infrastructure of both the country and the security forces with the domestic and national communication systems it has developed.
The company signed an export contract with a customer based in the European Union for the direct sale of land weapon systems for a total amount of 50.8 million euros. ASELSAN also aims to be among the top 30 defense companies in the world by 2030.
ASELSAN ranks 42nd in the “Defense News Top 100”, which is considered the world’s most prestigious defense industry list based in the USA.
OTOKAR STANDS OUT WITH ITS COLLABORATIONS AND PROJECTS ABROAD
Last year, while Papilon Defense gained 48.7 percent, Onur Yüksek Teknoloji 45.8 percent, and Otokar 15.5 percent for its investors, the shares of SDT Aerospace & Defense Technologies decreased by 20.7 percent.
Otokar also stood out with its collaborations and projects abroad. The company, with more than 70 percent of its sales being exports, signed Turkey’s largest land vehicle export contract worth approximately 1 billion dollars for the needs of Romania.
Turkish defense industry companies left behind a significant part of the world’s leading defense and aerospace companies with their stock market performance.
Last year, Japanese Mitsubishi Heavy gained 169.7 percent in the stock markets, South Korean Hanwha Aerospace gained 153.5 percent, German Rheinmetall AG gained 115.3 percent, Italian Leonardo gained 61.2 percent, and US RTX Corporation gained 37.5 percent.
To its investors, European-based multinational aviation company Airbus 10.7 percent, French Dasassult Aviation 10 percent, US Lockheed Martin 7.2 percent, French Thales 3.5 percent, UK-based BAE Systems 3.4 percent, US General Dynamics gained 1.5 percent.
Meanwhile, in 2024, US companies L3 Harris Technologies, Northrop Grumman, 0.3 percent and Boeing lost 32 percent to their investors. Shares of German Lufthansa decreased by 23.7 percent last year.
