Strategic Investment in High-Tech Production Facility by Altınay Defense Technologies
06.03.2024Altınay Defense aims to make a strong contribution to the defense and aerospace industry with its newly established production facility in Dilovası, Kocaeli.
A New Value for Türkiye’s Defense Industry
Standing out with its high-value solutions in the defense and aerospace sectors, Altınay Defense Technologies has taken a significant step forward as part of its growth strategy. Located in the Dilovası Machinery Specialization Organized Industrial Zone, the new production facility features advanced infrastructure and cutting-edge technologies.
The facility encompasses 12,500 square meters of indoor space, housing multi-axis machining centers capable of both horizontal and vertical operations, CNC precision machining systems, and laser-equipped technologies. In addition, the inclusion of a fully automated SMT line for electronic board production is expected to significantly boost production efficiency. This strategic investment will not only increase Türkiye’s manufacturing capabilities in the defense sector, but also strengthen Altınay’s position as a globally competitive player.
A 1000-Person R&D Center on the Horizon
Altınay’s long-term investment plans in Kocaeli go beyond production. The company is preparing to establish a large-scale R&D center employing up to 1,000 engineers. This facility will further enhance the company's capacity for innovation and technology development, with a focus on solutions for land, air, and naval platforms.
Chairman of the Board Hakan Altınay emphasized that this investment represents a turning point not only for the company, but also for Türkiye’s broader goals in defense sector growth.
The new production facility is expected to generate over 100 new job opportunities, contributing to both regional economic development and the recruitment of skilled talent into the defense industry.
Strengthening the Vision Through IPO
As part of its growth strategy, Altınay Defense Technologies successfully completed its initial public offering (IPO). This move enables investors to share in the company’s vision while providing stronger financial support for national defense projects.
Continued Support from Letven Capital
Letven Capital, which became a 20% shareholder in Altınay Defense Technologies in 2021, has reaffirmed its confidence in the company’s direction. General Manager Kamil Kılıç expressed his belief that Altınay’s technological capabilities and the capital raised through the IPO will further empower the company to focus on high-impact national defense initiatives.