Turkish defense producers aim to boost exports to $25 billion by 2023, from $1.5 billion this year, Defense Industry Undersecretary İsmail Demir stated on Nov. 28.

Demir said Turkey aims to have defense companies among the top 100 major companies in the world, and to create at least three global brands in the defense sector.

“Yes, we have a lot of work to do, but the return on investment in the defense sector is very high. In addition, a good value-added product earns a high price on the market. The Turkish Armed Forces is a very important reference which attracts attention to Turkish products in international market,” he said at the 15th International Fair of the Association of Independent Industrialists and Entrepreneurs in Istanbul. […]