Altınay Defense Technologies, one of the leading companies in the Turkish defense industry, has officially launched its initial public offering process in line with its ambitious growth strategy. A total of 58,823,530 shares will be offered to the public through capital increase and shareholder sales.
Investment and Global Expansion Goals at the Forefront
The majority of the proceeds from the IPO will be allocated to strengthening the company’s technological infrastructure and expanding its production capacity. According to the published allocation plan:
- 50% will be invested in new production facilities and advanced manufacturing technologies,
- 15% will support testing/validation infrastructure and R&D / product development efforts,
- 15% will be used to reinforce working capital,
- 10% will be allocated to strategic partnerships and potential acquisitions,
- 5% will go toward expanding the global sales and marketing network,
- 5% will be used for the repayment of financial liabilities.
A Strong Player in National Defense Projects
Through its subsidiaries such as DASAL and TAAC, Altınay Defense Technologies delivers indigenous solutions across land, naval, and air platforms. The company specializes in unmanned systems, testing infrastructures, naval technologies, weapon systems, and munition disposal solutions.
Altınay plays an essential role in major national projects, collaborating with industry leaders such as ASELSAN, TUSAŞ, and Roketsan. It also contributes to key defense platforms including the ALTAY main battle tank, KAAN national combat aircraft, HÜRJET jet trainer, ANKA and GÖKBEY helicopters, ATAK-2, and the HİSAR air defense systems.