In the tender organized by the Savings Deposit Insurance Fund (TMSF), ROKETSAN purchased ASSAN Group's defense industry assets for $471 million. After the acquisition is completed, ROKETSAN will establish a new wholly-owned subsidiary to operate these facilities.
With the new restructuring, technology and infrastructure will be transferred to the production facilities. The facilities will produce Mk series aircraft bombs, 107 and 122 mm rockets, GPS and guidance systems, 155 mm guided howitzer ammunition, and chemical explosives.
ROKETSAN will also continue to produce warheads for the TAYFUN ballistic missiles, which have been making headlines recently, at this facility. The company's additional investments will significantly increase existing production capabilities.
Thanks to infrastructure investments, the facilities' contribution to employment will also grow. In the long term, the new company aims to strengthen the Turkish defense industry and achieve a competitive position in international markets.