SSB President Demir announced the 2021 sector with figures

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SSB President Demir announced the 2021 sector with figures
President of Defence Industries (SSB) Professor İsmail Demir spoke at the opening of the 4th Defence Industry Meetings organised in cooperation with the Istanbul Chamber of Industry and SAHA Istanbul. Demir announced the 2021 turnover, order amount and R&D expenditure figures of the defence industry sector for the first time. He also noted that pre-pandemic figures were reached.

SSB President Demir said in sum, “Our defence and aviation industry sector turnover has exceeded the 10 billion dollar threshold in 2021 and has returned to pre-pandemic figures. The amount of new orders received by our industry increased by 40 per cent compared to the previous year and amounted to approximately 9 billion dollars. The R&D expenditures of our industry, on the other hand, increased by 32 per cent compared to the previous year and exceeded approximately 1 billion 600 million dollars. We aim to have these figures even higher by the end of this year.”

SSB President Demir announced the 2021 sector with figures

Demir stated that 20 years ago, only 62 defence projects were carried out. Today, this number is close to 800, and more than half of these projects started in the last five years.

Demir also stated that the budget allocated to projects has increased from 5.5 billion dollars to 60 billion dollars in 20 years.

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