12,369.89 TRY BIST 100 BIST 100
50.12 EUR EUR EUR
43.17 USD USD USD
6.23 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
36.80 TRY Interest Interest
63.54 USD Fossil Oil Fossil Oil
5.87 USD Copper Copper
126.39 USD Silver Silver
106.07 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,415.80 TRY Gold (gr) Gold (gr)
106.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Historic development in the Defense Industry: First signatures signed for the export of the national fighter jet KAAN

The largest export contract in the history of the Turkish defense industry has been signed. An official contract was signed for the sale of 48 KAAN, the fifth-generation national combat aircraft developed by Turkish Aerospace Industries (TAI), to Indonesia.

Historic development in the Defense Industry: First signatures signed for the export of the national fighter jet KAAN

The signing ceremony was held in Istanbul as part of the IDEF 2025 Fair, and was attended by President of Defense Industries Haluk Görgün, Indonesian Defense Minister Sjafrie Sjamsoeddin, and TAI executives.

Görgün emphasized that the agreement involves not just a sale but a long-term technology and production collaboration, saying, "Together with our partner companies that will participate in the production of KAAN with Indonesia, we are creating a sustainable model based on local capacity."

Furthermore, at the ceremony, a contract was signed between TAIS Shipyard and Indonesia for the most advanced frigate in its class. The frigate's weapons and systems will utilize products from Turkish companies such as ASELSAN, ROKETSAN, and HAVELSAN.

Following this agreement, which marks the first export of the KAAN project, negotiations with other countries are ongoing, and it was noted that the domestic production rate in the Turkish defense industry has reached 83%.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

India’s European exports highlight Spain, Germany, Belgium and Poland

Tuesday, January 13, 2026

ArcelorMittal makes first rail shipment for Oman–UAE railway project

Thursday, January 15, 2026

EMSTEEL and Modon have signed a memorandum of understanding for sustainable and high-strength steel solutions.

Thursday, January 15, 2026

Türkiye allocated TL 261.5 billion for railway investments in 2026

Saturday, January 17, 2026

CSN begins strategic asset sales to reduce its debt to R$ 18 billion

Saturday, January 17, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now