#Latest news with #savunmaSanayiBloomberg10 hours agoBusinessBloombergTurkey Accelerates Missile Production Amid Fears of Wider WarTurkish President Recep Tayyip Erdogan ordered officials to increase the production of medium and long-range missiles in light of the Israel-Iran conflict, an acceleration of plans to develop a strong home-grown industry. The move comes as Israel and Iran exchange salvos for the fifth day in a row, raising fears about a spread of the war to other countries in the oil-rich Middle East. Several geopolitical flashpoints have pushed countries to boost defense spending in recent months, and Turkey aspires to be part of that arms race.
Bloomberg10 hours agoBusinessBloombergTurkey Accelerates Missile Production Amid Fears of Wider WarTurkish President Recep Tayyip Erdogan ordered officials to increase the production of medium and long-range missiles in light of the Israel-Iran conflict, an acceleration of plans to develop a strong home-grown industry. The move comes as Israel and Iran exchange salvos for the fifth day in a row, raising fears about a spread of the war to other countries in the oil-rich Middle East. Several geopolitical flashpoints have pushed countries to boost defense spending in recent months, and Turkey aspires to be part of that arms race.