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is to maintain a positive cash balance in an Armed Forces. Furthermore, tactical solid
industry that is characterized by long cash state discs, electronic control boards and
conversion cycles. The optimum solution to systems, hand-held military computers, and
this problem is to expand the customer base, inertial navigation devices have been added
i.e., to export their products. Other schemes in our product range under various projects
or ecosystems can be formed under the over several years. All these products are
leadership of the Undersecretariat in the being used by the Turkish Armed Forces and
future. military forces of other countries.

The main contractors have started to In addition, we manufacture and supply
look for the SMEs they can not produce electronic control boards and assembled
Today, the single important secret to devices to other defense contractors.
success, not only in the Defense Industry We will continue to grow our design team as
but in all technology-intensive industries, is well as production capability and capacity,
to specialize in a field and to cooperate with and invest in the industry also in 2017. We
other specialized stakeholders during the will also take important steps to expand our
product launch phase. Companies that were business overseas.
founded in 1970s and 1980s were at first
not able to adapt themselves to this new, Undersecretary is doing a great job
synergy-based arrangement. However, the I think the Undersecretariat is leading a
efforts of Undersecretariat and prevailing good job. It should serve as a model to
market conditions helped to overcome this other industries. Especially, government
problem. In this respect, main contractors organizations that are heavy importers of
started to look for SMEs that can supply high technology equipment should follow
them with sub-products. This is pretty good this model helping to build a local high-tech
news for the industry. industry.

Production, investment and export The space and defense technologies
works for 2017... have always played a leading role in the
Karel has entered the Defense Industry technological development of countries.
by developing products in its area of In this respect, having made significant
specialization: communication electronics. progress in recent years, the Turkish
For this purpose, we have developed defense industry has taken on an important
tactical switchboards, intercom systems, responsibility to lead the way, among other
alarm/announcement systems, and ship/ industries, in saving our country from the
submarine entertainment systems. These middle-income trap.
products are being used by the Turkish

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