Turkey has been undergoing a major transformation in the recent years, with significant strides in the Defense, Security and Aviation sectors. Companies in these sectors are successfully carrying out design development, domestic production, export, modernization and R&D activities.
Turkey is one of the leading countries in the world in defense spending and it was ranked 15th in the world with $ 19 billion in defense spending in 2018. In 2019, its total turnover in defense and aviation was $ 10.9 billion, with the total export value of $ 3.7 billion, and R & D expenditure of $ 1.7 billion.
In the recent years, domestic projects such as production of warships, main battle tanks, helicopters, unmanned aerial vehicles, light assault and armed reconnaissance aircrafts, satellites, general purpose helicopters and fighter jets were also successfully carried out.
Defense, Security and Aviation sectors reduce the dependency on imports with the priority of meeting the country's needs by developing domestic and national technologies, and increase their exports every year with products and technologies that attract the attention of the world.
Compared to 2018, Turkey's exports in the Aerospace and Defense sector in 2019 showed an increase of 37.75%. USA, Germany, Oman, Qatar, United Arab Emirates, Netherlands, United Kingdom, India, Poland and France can be listed among the countries Turkey exported the most in these sectors.
Corintco closely follows the Government's targets and developments in the Defense, Security and Aviation sectors. With its expert team, which has extensive experience and technical knowledge in relevant sectors, Corintco offers its clients its value-creating experience in identifying investment strategies, preparation of legal grounds for technical specifications and especially in benefiting from incentive applications.