ASELSAN, which said it remains focused on an export-led growth strategy, reported a 69% increase in new export contracts signed during the quarter. The total value of those agreements reached $629 million.
The company’s backlog rose 39% compared with the same period last year to $20.7 billion. ASELSAN said the increase reflected its continued growth momentum throughout 2026.
Investment spending aimed at scaling production and expanding capacity rose by 261% in the first quarter to $137 million. The company also increased research and development expenditure by 41% to a total of $357 million.
ASELSAN said the higher spending on production and research represented strategic milestones in its efforts to strengthen its position as a global brand. The company added that its net debt-to-EBITDA ratio improved to 0.41 from 0.60 a year earlier.
ASELSAN is currently the most valuable company listed on Borsa Istanbul. The company said its first-quarter performance reflected continued progress in balancing growth, investment and financial discipline.
