TR Turkish Defense Industry Companies

[Ripley]

It’s still 24th of October, here in the USA but considering the time difference it must be over in Korea by now. I brought this up because wondering about new deals, if any signed.

 

[Ripley]

https://twitter.com/i/web/status/2055608002959245363

Coordination in aviation has been elevated to the highest level:
• TUSAŞ General Manager Mehmet Demiroğlu will also serve as the Chairman of the Board of Directors of TUSAŞ Engine Industries Inc. (TEI), which operates in the field of aviation engines
• TUSAŞ and TEI are taking on critical responsibilities in the development and production of Turkey's national air platforms and their engines
• Demiroğlu, who has been the General Manager of TUSAŞ since June 2024, previously served as R&D Director and Deputy General Manager at BMC Power, which develops engines for land platforms
• He held positions as Turboshaft Program Directorship and R&D Directorship at TEI

 

[MonteCarlo]

Assan was sold to Roketsan for 471 million Dollars according to Sözcü. Looks like a best possible ending for a farcical and terrible situation. I was afraid it was going to be sold to a big holding with "connections" and get hollowed out.

Still a very bad move that will discourage further investment and innovation in the defence industry but at least we don't lose the massive capacity Assan was building.

https://twitter.com/i/web/status/2074804458869969049

 

[Sanchez]

Looks like a best possible ending for a farcical and terrible situation.

Indeed. This was possibly the least bad outcome.