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Boeing | Europe - Other | Industry & Trends | Mergers & Acquisitions | Turkey

Turkey’s Largest Defense Companies May Be Merged by the Government

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Last month Turkey's defense officials pushed the button for a huge consolidation plan when Turkish Aerospace Industries Inc. (TAI), the country's second largest defense company, and Turkish Aircraft Industries (TUSAS). Now the Undersecretariat for the Defense Industry (SSM) plans to create a Turkish Defense Industry Holding Inc., or Turk Savunma Sanayi Holding A.S., as a parent entity for the country's top defense companies presently owned by the government and/or the military....

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