Turkey’s defense purchases to reach $8 billion by 2016

Turkey will buy around 100 F-35 Joint Strike Fighter Lightning II aircraft. EPA photo

Ümit Enginsoy uenginsoy@aol.com

Turkey will spend up to $8 billion in defense purchases as its exports will reach $2 billion in 2016, four years from now, according to a major estimation by the procurement agency, the Undersecretariat for Defense Industries (SSM).

The present figures are around half of that.

The expectations in the SSM’s updated 2012-2016 strategic program are realistic given the money Turkey would pay for expensive systems – such as the F-35s or the U-214 submarines from Germany – over the next few years, as well as the rapid increase in its exports mainly to Islamic countries, according to one defense analyst.


Read More........................