Managers of Turkey's largest defense companies underlined the importance of research and development activities during a panel in Turkey's major defense event.
Speaking at SAHA EXPO, managers said their firms allocate a significant amount of budget for R&D activities.
The four-day event kicked off on Nov. 10.
Turkey's top defense company Aselsan has been placed 48th in Defense News Top 100 list for 2020 with $2.2 billion in revenues.
The prestigious American magazine compiles the list in accordance with companies' annual defense revenues.
Aselsan increased its defense revenues by 2 percent year-on-year in 2020, according to Defense News.
Turkey's one of the largest defense companies Havelsan developed an indigenous and safe videoconference software, named Diyalog.
The use of videoconference software rose sharply after the emergence of the COVID-19 pandemic, which caused lockdowns globally.
The high demand for this software also revealed some security problems.
Turkish Airlines signed a deal on Nov. 22 with national air defense and military software firm HAVELSAN to use locally-produced simulators in pilot training.
The Istanbul Chief Public Prosecutor's Office has issued detention warrants for 105 personnel at various companies and institutions, with 52 of them being detained over links to Fethullah Gülen, the U.S.-based Islamic preacher who is widely believed to have led the July 15, 2016, deadly coup attempt.