Turkey Targets 75% Localisation of Defence Products by 2023

The Turkish defence industry's 11th Development Plan, which sets out targets and strategies for 2019-23, was submitted to the country's Parliament for discussion on 8 July. The plan sets out the goal of increasing the domestic content of defence products from the current 65% to 75% by 2023, which is the centenary of the Turkish Republic. The...

The Turkish defence industry's 11th Development Plan, which sets out targets and strategies for 2019-23, was submitted to the country's Parliament for discussion on 8 July.

The plan sets out the goal of increasing the domestic content of defence products from the current 65% to 75% by 2023, which is the centenary of the Turkish Republic.

The country also aims to expand its defence and aerospace turnover to USD26.9 billion by 2023, up from USD6.7 billion last year, while it hopes to increase exports of defence products to USD10.2 billion, compared to 2018's transfers of just USD2 billion.

Under the plan, employment in the defence industry is expected to reach 79,000 people by 2023, up from the current 44,700.

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Source: www.janes.com