[NEWS] Turkey says defense firms face temporary losses after F-35 removal – Loganspace AI

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[NEWS] Turkey says defense firms face temporary losses after F-35 removal – Loganspace AI


ANKARA (Reuters) – Turkish defense companies might per chance doubtless well just face temporary losses after a U.S. resolution to put off away Ankara from the F-35 fighter jet program but the industry will emerge stronger as a consequence, the head of Turkey’s Protection Industry Directorate stated on Thursday.

The US says it is some distance removing Turkey from the F-35 jet program over its purchase of Russian S-400 defense programs, which Washington says might per chance doubtless well compromise the stealth capabilities of the F-35 jets.

Turkey has dismissed those concerns and final week took birth of the first cargo of S-400 ingredients, prompting Wednesday’s resolution by Washington to entire Turkey’s involvement in the F-35 program. Turkish companies had been producing F-35 ingredients and Ankara had ordered bigger than 100 of the jets.

Talking to reporters in Ankara, Ismail Demir stated the circulate became once unilateral and no longer primarily based fully on the settlement signed between the occasions, and added that Turkey would proceed assembly its commitments till its exclusion from this system is finalised.

“It is a controversial resolution that has no feature in the signed agreements. We are expecting this to change into respectable,” Demir stated.

“Our companies might per chance doubtless well just face losses before all the pieces, and even supposing concerns esteem sanctions and more might per chance doubtless well just consequence in temporary losses for the defense industry, we mediate this would doubtless well just consequence in our defense industry changing into stronger,” he stated.

The Pentagon stated on Wednesday that Turkey produces bigger than 900 ingredients of the F-35, and added that the provision chain would transition from Turkish to primarily U.S. factories as Turkish suppliers are removed.

It stated Turkey would no longer get bigger than $9 billion in projected work piece connected to the F-35 over the lifestyles of this system, and added that it would no longer be in a discipline to get the F-35s it had ordered.

Inviting the provision chain for the jet would also fee the usa between $500 million and $600 million, it stated.

Demir stated Turkish defense companies would assessment recommendations to catch up on his or her losses from Turkey’s eliminating, but added that different worldwide locations fascinated with the F-35 program would face additional prices of $7-8 million per jet because the circulate.

He also stated Turkey would no longer purchase foreign defense instruments any longer except it became once fully fundamental, but did no longer account for additional.

The S-400 acquisition is one in all several concerns that have faith frayed ties between the 2 allies, together with a dispute over strategy in Syria east of the Euphrates River, where the usa is allied with Kurdish forces that Turkey views as foes.

Reporting by Ece Toksabay; Writing by Tuvan Gumrukcu