OverviewSuggest Edit

Aselsan Elektronik is a defense electronics company primarily engaged in research, development, engineering, production, tests, assembly, integration, sales, after-sales support, consultancy, and trading activities. Its product portfolio includes communication and information technologies, radar and electronic warfare, electro-optics, avionics, unmanned systems, land, naval and weapon systems, air defense and missile systems, command and control systems, as well as transportation, security, traffic, automation, and medical systems. The company provides products and system solutions in the fields of electronics, microwave, electro-optics, data processing, encryption, security, mechanics, chemistry within the army, navy, air force and aerospace applications to institutions, organizations, companies, and individual consumers.
TypePublic
Founded1975
HQAnkara, TR
Websiteaselsan.com.tr
Employee Ratings3.9

Locations

Aselsan Elektronik is headquartered in
Ankara, Turkey

Location Map

Latest Updates

Employees (est.) (Dec 2019)7,610(+19%)
Revenue (FY, 2018)₺9 B(+69%)
Share Price (Oct 2021)₺16.7
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Aselsan Elektronik

Haluk Görgün

Haluk Görgün

Chairman of the Board of Directors & CEO
Mehmet Fatih Güçlü

Mehmet Fatih Güçlü

CFO & ​Vice President​ ​​
Hakan Karataş

Hakan Karataş

​Vice President, Corporate Management​
Bayram Gençcan

Bayram Gençcan

​Vice President, ​​​Communication & Information Technologies​
Mehmet Çelik

Mehmet Çelik

Vice President, Technology & Strategy
Osman Devrim Fidanci

Osman Devrim Fidanci

​​Vice President, ​Business Development & Marketing
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Aselsan Elektronik Office Locations

Aselsan Elektronik has offices in Ankara, Baku, Amman, Kuala Lumpur and in 4 other locations
Ankara, TR (HQ)
Mehmet Akif Ersoy Mahallesi 296. Cadde No: 16
Ankara, TR
Balıkhisar Mahallesi Koca Seyit Onbaşı Caddesi No: 1 Akyurt
Ankara, TR
Konya Yolu 8. Km, Oğulbey Mah. 3051. Sok. No:3, 06830
Baku, AZ
8 Hüseyn Cavid Prospekti
Amman, JO
P.O.Box: 2014
Skopje, MK
Ankarska 29
Show all (11)

Aselsan Elektronik Financials and Metrics

Aselsan Elektronik Revenue

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View revenue for all periods
Aselsan Elektronik's revenue was reported to be ₺9.01 b in FY, 2018 which is a 68.1% increase from the previous period.
TRY

Revenue (Q3, 2019)

3.0b

Gross profit (Q3, 2019)

724.4m

Gross profit margin (Q3, 2019), %

24%

Net income (Q3, 2019)

643.6m

EBIT (Q3, 2019)

434.5m

Market capitalization (22-Oct-2021)

38.1b

Closing stock price (22-Oct-2021)

16.7

Cash (30-Sept-2019)

1.8b

EV

38.0b
Aselsan Elektronik's current market capitalization is ₺38.1 b.
Annual
TRYFY, 2016FY, 2017FY, 2018

Revenue

3.8b5.4b9.0b

Revenue growth, %

42%68%

Cost of goods sold

2.8b4.0b6.8b

Gross profit

923.0m1.4b2.2b
Quarterly
TRYQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

990.4m1.2b1.3b1.4b1.9b1.9b2.0b2.6b3.0b

Cost of goods sold

757.4m884.2m978.7m1.0b1.4b1.5b1.5b2.0b2.3b

Gross profit

233.0m282.9m312.2m331.9m488.2m453.1m465.9m659.9m724.4m

Gross profit Margin, %

24%24%24%24%26%23%23%25%24%
Annual
TRYFY, 2016FY, 2017FY, 2018

Cash

1.2b1.3b3.1b

Accounts Receivable

2.0b1.6b3.1b

Prepaid Expenses

387.2m654.1m1.3b

Inventories

1.2b1.9b3.6b
Quarterly
TRYQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

876.1m681.7m332.2m480.4m3.4b3.1b2.6b1.6b1.8b

Accounts Receivable

1.8b1.5b1.6b2.2b2.2b2.9b3.0b3.2b3.2b

Prepaid Expenses

606.0m664.6m756.1m915.5m950.1m1.1b1.4b1.6b1.5b

Inventories

1.3b1.4b1.7b2.5b2.9b3.5b4.0b4.5b4.9b
Annual
TRYFY, 2016FY, 2017FY, 2018

Net Income

795.2m1.4b2.3b

Depreciation and Amortization

110.2m132.6m171.4m

Inventories

(150.0m)(561.6m)(1.3b)

Accounts Payable

324.0m478.0m770.9m
Quarterly
TRYFY, 2016

Revenue/Employee

729.1k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

2.3 x
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Aselsan Elektronik Operating Metrics

Aselsan Elektronik's Backlog was reported to be $10.2b in H1, 2019.
FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019

Backlog

$6.2 b$6.4 b$6.8 b$8.1 b$9.1 b$10.2 b

Book-to-Bill Ratio

236%146%141%204%217%199%

R&D Centers

666

Revenue per Employee

₺672 k₺985 k₺1.58 m
Show all operating metrics

Aselsan Elektronik Acquisitions / Subsidiaries

Company NameDateDeal Size
ASELSAN Baku Company
ASELSAN Bilkent Micro Nano Technologies Industry and Trade Inc.
ASELSAN Konya Weapon Systems Inc.
ASELSAN Malaysia Sdn. Bhd.
ASELSANNET Electronic and Communication Systems Industry, Trade, Construction and Contracting Ltd. Co.
ASELSAN Precision Optics Industry and Trade Inc.
Microelectronics R&D Design and Trading Ltd. Co
SADEC LLC. (Saudi Defense Electronics Company)
ULAK Inc.
YİTAL Microelectronics Industry and Trade Inc.

Aselsan Elektronik Revenue Breakdown

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Aselsan Elektronik revenue breakdown by business segment: 90.1% from Domestic Sales, 9.8% from Export Sales and 0.1% from Other

Aselsan Elektronik Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Aselsan Elektronik Online and Social Media Presence

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Aselsan Elektronik Frequently Asked Questions

  • When was Aselsan Elektronik founded?

    Aselsan Elektronik was founded in 1975.

  • Who are Aselsan Elektronik key executives?

    Aselsan Elektronik's key executives are Haluk Görgün, Mehmet Fatih Güçlü and Hakan Karataş.

  • How many employees does Aselsan Elektronik have?

    Aselsan Elektronik has 7,610 employees.

  • What is Aselsan Elektronik revenue?

    Latest Aselsan Elektronik annual revenue is ₺9 b.

  • What is Aselsan Elektronik revenue per employee?

    Latest Aselsan Elektronik revenue per employee is ₺1.2 m.

  • Who are Aselsan Elektronik competitors?

    Competitors of Aselsan Elektronik include HAVELSAN, Peraton and Turkish Aerospace Industries.

  • Where is Aselsan Elektronik headquarters?

    Aselsan Elektronik headquarters is located at Mehmet Akif Ersoy Mahallesi 296. Cadde No: 16, Ankara.

  • Where are Aselsan Elektronik offices?

    Aselsan Elektronik has offices in Ankara, Baku, Amman, Kuala Lumpur and in 4 other locations.

  • How many offices does Aselsan Elektronik have?

    Aselsan Elektronik has 11 offices.