Turkey Defence and Security Report 2016 - Business Monitor International - Industry Reports

Turkey Defence and Security Report 2016

Turkey Defence and Security Report 2016 - Business Monitor International - Industry Reports
Turkey Defence and Security Report 2016
Published Aug 20, 2016
45 pages — Published Aug 20, 2016
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The failed coup on July ----- will substantially raise long-term political risks in Turkey. President Erdogan will use the occasion to tighten his grip on power, but this is likely to lead to political overreach eventually, prompting a backlash. ...We expect the dual threat of Kurdish separatists and IS to remain elevated in Turkey over the next several years. Turkish government rhetoric against Assad appears to have softened in recent months, and in July ----, Turkish Prime Minister Binali Yildirim hinted at the possibility of a normalisation of ties to Damascus. This can be seen in the context of a broader foreign policy shift by Ankara, which has also worked to improve ties to Russia and Israel. ...Ankara announced in March ---- that Turkey s defence industry executive committee had approved USD-.-bn in new defence projects - of which USD-.-bn would be directed towards local industry. FNSS Savunma Sistemleri won a contract for the delivery of --- anti-tank vehicles to the Turkish army in June ----.

...Turkey s defence budget is among the largest in the world (in --th place globally in ----), reflecting the severe security challenges that the country faces, both internally and externally. For ----, we forecast Turkish defence expenditure to reach TRY--.-bn (USD--.-bn) ...For ----, we forecast Turkish defence expenditure to reach TRY--.-bn (USD--.-bn) - compared to TRY--.-bn in ---- - as the government works to counter terrorist and separatist groups and secure borders with unstable states, all at a time of heightened potential for political unrest. Turkey s defence spending in dollar terms will remain unchanged in ---- compared to ----, due to the Turkish lira depreciating by close to -- since January ----. ...We note that our CR team holds to its current forecast for Turkey s real GDP growth - which remains significantly below consensus - despite the July ---- coup attempt.

...In April ----, Aselsan and Malaysian K Defensetech signed an agreement to jointly produce remote- controlled weapon stations in Malaysia. In the same month, Ukraine-based UkrOboronProm and Havelsan signed an agreement to develop and produce radar equipment. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Turkey Defence and Security Report 2016" Aug 20, 2016. Alacra Store. Apr 20, 2018. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkey-Defence-and-Security-Report-2016-2026-449>
Business Monitor International - Industry Reports. (2016). Turkey Defence and Security Report 2016 Aug 20, 2016. New York, NY: Alacra Store. Retrieved Apr 20, 2018 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Turkey-Defence-and-Security-Report-2016-2026-449>
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