Netaş and TAAC Forge Significant Partnership for the Defense Industry
Netaş (NETAS) and TAAC Aviation Technologies have taken a significant step towards a strategic partnership for the future of the defense and aerospace industries during the SAHA EXPO fair held from October 22 to 26. This agreement aims to increase the local content rate in the defense industry and provide advanced technological solutions in strategic areas. The existing collaborations between the two companies have now been expanded to include areas such as electronic and electromechanical device technologies and integrated system technologies.
With this agreement, Netaş is preparing to take on an important role in aviation technologies and aims to contribute to the development of systems needed for projects in the defense sector. Netaş CEO Sinan Dumlu emphasized that such partnerships would enhance Turkey's international competitiveness in line with its technological independence goals.
Netaş R&D General Manager Ersin Öztürk noted that the collaboration would combine the capabilities of both companies, thus increasing the capacity to offer stronger and domestic solutions in the defense sector. TAAC General Manager Enis Ata highlighted that this step would significantly contribute to the development of the domestic defense industry.
Deputy Minister of National Defense and Vice Chairman of NETAŞ Board of Directors Şuay Alpay addressed the importance of the agreement, stating that such partnerships in the defense sector are strategically significant for Turkey, especially following the terrorist attack on TUSAŞ. Alpay expressed his belief that this collaboration would benefit both companies and the country, in line with technological independence goals.
Current Status of NETAS Stock
NETAS is currently trading at around 75 TL, with an increase of about 2%, reaching as high as 79 TL. Since the beginning of the week, the stock has risen by 7.75%, although it has decreased by 10% in October. In the first quarter of the year, NETAS recorded a value increase of over 150%, and while it has experienced volatility in the following months, its annual return has risen to 81%.