Turkey’s defense exports enjoyed a remarkable 76 percent year-on-year surge in July while domestic conflicts ravage some of the country’s neighbors, data from the Defense Industry Exporters Union (SSİ) revealed on Friday.
The extraordinary hike in sales prompted skepticism in markets with analysts speculating over arms sales to such conflict zones as Syria, Iraq and Libya.
Undersecretariat for the Defense Industry Undersecretary İsmail Demir and SSİ Chairman Latif Aral Aliş shared the details with the media in İstanbul on Friday. The SSİ report also showed that Turkey saw a 22 percent increase in defense exports to reach $952 million during the January-July period of this year compared to a year ago. Aliş did not comment on the reason behind July’s 76 percent increase. […]