While ASELSAN’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) was 1 billion TL, its net profit increased by 36 per cent compared to the same period of the previous year and reached 1.7 billion TL. The company continued to maintain its strong equity structure, and the equity-to-asset ratio was 56 per cent.

Evaluating ASELSAN’s financial results for the first quarter of 2022, ASELSAN Chairman, President and CEO Professor Haluk Görgün said: “While putting our advanced technologies at the service of the world, we have not forgotten to fulfil our responsibility to our country. We left behind another quarter in which we continued to contribute to our economy. As of the end of the first quarter of 2022, our company’s balance orders amounted to 8.3 billion USD.