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Turkish army receives country's locally-made new Altay tank

Emphasizing the recent steps taken regarding defence industry of the country, President Erdoğan stressed the efforts on this area, in the delivery ceremony of the new Altay tanks to the Turkish army.

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We have reduced the foreign dependency in the defense industry from around 80% to some 20% in such a short time as 20 years. The number of defense projects, which was merely 62 in 2002, has today surpassed 750," Erdogan said. The Turkish leader also said that while Türkiye's total budget for defense projects was $5.5 billion in 2002, now it has reached a $75-billion project volume, including the ones in the bidding process.