ANKARA, Turkey \u2014 A recent report released by Turkey’s procurement authorities has exposed fundamental weaknesses of the country’s local industry.<\/p>\n\n\n\n
The study by Turkey’s procurement agency, the Undersecretariat for Defense Industries (SSM), said that <\/span>the local industry is dominated mostly <\/span>by companies owned by the Turkish Armed Forces Foundation, a government-owned foundation that is a majority shareholder in Turkey’s top defense companies. It <\/span><\/span>WHAT IS THIS?<\/span><\/b> highlights that 13 out <\/span>of the 25 biggest companies are headquartered in Ankara.<\/p>\n\n\n\n “This is a simple diagnosis that says the private sector still lags behind \u2026 that there is heavy market concentration, a dominance of the government sector and the Turkish industry mostly features a government-to-government business practice,” commented <\/span>one Ankara-based defense analyst said.<\/p>\n\n\n\n