Turkey Plans to Increase Arms Expenses

11 August 2011 (Last Updated August 11th, 2011 18:30)

Turkey has plans to spend $5bn on defence procurement this year, which would be the highest figure in the country's history, a senior procurement official has said. The Hurriyet Daily News quoted the official as saying that the defence spending would continue to increase over the

Turkey has plans to spend $5bn on defence procurement this year, which would be the highest figure in the country's history, a senior procurement official has said.

The Hurriyet Daily News quoted the official as saying that the defence spending would continue to increase over the next few years.

"Some major spending items have just started or are starting now, including those for the purchase of around 100 Joint Strike Fighter jet aircraft, submarines and utility helicopters," the official added.

The increase in Turkey's arms procurement budget would be balanced by an increase in the local defence industry's exports, expected to be between $1bn and $1.5bn.

Turkey's defence procurement had reached $4bn a year in previous years.