will strengthen abroad with public offering | Stock Market News

Announcing that it aims to complete the public offering process by the end of the year, SDT Space and Defense Technologies will transfer a significant portion of the income from the public offering to a new facility in Ankara Space and Aviation Specialized OIZ, with a total investment of 250 to 300 million TL.

It was stated that 70 percent of the public offering income will be spent on the facility, 20 percent on R&D and the rest on business and promotional activities. Mehmet Dora, SDT Founder and Chairman of the Board, said, “A total of 21.4 percent of the company will be offered to the public. Our company achieves 10-15 percent growth every year. We want to continue this growth. We will become stronger abroad with the public offering,” he said.

TURNOVER TARGET $100 MILLION

According to the news of Gamze Şener from Hürriyet newspaper; SDT General Manager Ömer Korkut stated that they continue their activities in many fields such as radar, communication, satellite, space and software and said: “Our turnover last year was 40 million dollars. Our 2025 target is to increase our turnover to around 80-100 million dollars. Until today, our exports have been about 5 percent of our turnover, we are aiming for 30 percent in 2025, but it seems like we will reach the target sooner. 90 percent of our business is in the space and defense field. When we start the Göktürk Project, the share of space in our company will be 20 percent and the share of defense will be 70 percent. In Göktürk Project, ground station software, hardware, downloading and archiving of images will all be in SDT. TAI signed the project as the main contractor. We also plan to sign the contract for the ground station before the end of this year.”

PLAN STARTING A COMPANY IN PAKISTAN

Mehmet Dora stated that they are considering establishing a company in Pakistan next year and said, “Maintenance and repair support will be provided for the products we sell here. It will first establish a company and serve as a small-scale maintenance service. For the investment cost, we need to follow the life cycle a little more,” he said. Ömer Korkut, on the other hand, said: “Turkey has made serious investments in defense in 20 years. It is very important that Turkish-made platforms can be easily sold to the east. On defense, we are way ahead of where we were 20 years ago.”

MID-SCALE COMPANY SUPPORT TO EXPORT

Reminding that it is aimed to strengthen medium-sized companies in the defense industry sector in Turkey, Ömer Korkut said, “If the number of mid-level companies increases, the homogeneity in the defense industry will also increase. It will also be easier to reach the export target. Turkey’s defense industry exports are on the rise,” he said. Mehmet Dora said, “No matter how good your product is, it is very important to have good political relations with the countries you can sell. We export to 2 countries with high technology such as South Korea and Italy. We already have important talks with Azerbaijan. We are also negotiating for new agreements with Libya, Malaysia and Pakistan.”


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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