Aselsan Signs 5 Contracts Worth $213 Million

ANKARA, Turkey — Turkish military electronics specialist Aselsan signed five contracts with the Turkish government worth $213 million, the country's biggest defense firm announced.

The company said it signed the contracts with the country's procurement agency, the Undersecretariat for Defense Industries (SSM).

Aselsan said the contracts came in two currencies, at $135 million and at 195 million Turkish liras ($78 million).

It said the contracts involved combat and non-combat electronic warfare suites.

Under the contracts, Aselsan will develop and produce the electronic warfare systems, with deliveries scheduled for 2016-2021.

Aselsan's majority shareholder is the government-owned Turkish Armed Forces Foundation.

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