Jens Bastian is senior economic research fellow for southeast Europe at ELIAMEP (Hellenic Foundation for Foreign & European Policy)
https://www.eliamep.gr/en/human_resources/jens-bastian/
Not surprising.
My comment was not specific about defense companies, I am just pointing out even big Turkish companies are struggling. I saw during the years a lot of defense companies which popped up with their products and ideas, and then vanished without any trace.
Turkish companies are struggling due to high inflation, high interest rates, fluctuation of Euro and dollar. There are tons of companies who are declaring bankruptcy, and there are the ones in defense companies seeing effected on this economic situation...
It seems Turkish companies are in trouble, but there were our members who claims economy is doing good. Last week it was Femsan this week ATA Arms and Armsan.
https://abcgazetesi.com.tr/silah-sektorunde-mali-kriz-iki-buyuk-firma-konkordato-basvurusunda-833552