Weapons trade

Türkiye’s share in global arms exports increases: Report

Türkiye's share in global arms exports increased from 0.7 percent in 2014-2018 to 1.6 percent in 2019-2023, according to a report by the Stockholm International Peace Research Institute (SIPRI).

This marked a staggering 106 percent change between the two periods.

Türkiye ranked 11th largest exporter in the world in 2019-2023.

Bulgaria's Arms Imports Skyrocket

Bulgaria has experienced a staggering increase in arms imports, rising by 920% between 2019 and 2023 compared to the period of 2014 to 2018. This significant surge in arms procurement was revealed in a report by the Stockholm International Peace Research Institute (SIPRI), highlighting a notable shift in Bulgaria's defense strategy.

Germany ready to sell Eurofighter jets to Saudi Arabia: minister

Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom.

Germany, Britain, Italy and Spain jointly build the jet and each can veto deals.

Berlin has blocked one deal, sought by London, since 2018.

4 Turkish firms among top 100 arms companies

With a combined arms revenue of $5.5 billion, four Turkish companies, namely Aselsan, Baykar, Turkish Aerospace Industries and Roketsan, have made it to the Stockholm International Peace Research Institute's (SIPRI) Top 100 list for 2022 — two more than in 2021.

Baykar (ranked 76th) and Roketsan (ranked 100th) entered the Top 100 for the first time.

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