Turkey’s defense industry suffers setback but future remains promising

The Turkish defense industry saw a significant decline in its revenues last year according to newly released data, but companies in the sector remain optimistic about their growth prospects.
Turkey’s defense industry has been a rising star in the country’s economy in recent years, attracting well-established entrepreneurs and novices alike. Pro-government business people — in particular those eager to draw close to President Recep Tayyip Erdogan — have vied fiercely for a place in a sector where political dividends are as high as economic ones.