"Undeterred by Financial Crisis, Turkish Defense Companies Plan to Increase Domestic Arms Production
Publication: Eurasia Daily Monitor Volume: 6 Issue: 39
February 27, 2009 02:49 PM Age: 3 hrs
Category: Eurasia Daily Monitor, Turkey, Military/Security, Home Page
By: Lale Sariibrahimoglu
It is estimated that Turkey has been spending about $5 billion for arms per year and according to a report released by the country's main arms procurement agency, has set a goal to increase the share of the arms produced domestically to 58 percent of the production from 107 military procurement projects. Direct purchases are to account for 16 percent, production with a consortium 2 percent, and joint production 24 percent."
More:Undeterred by Financial Crisis, Turkish Defense Companies Plan to Increase Domestic Arms Production - The Jamestown Foundation