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Military Factories Became A Company

Military Factories Became A Company 24 December, 2017

According to a new decree 696 published at official gazette, Military Factories became company: ASFAT A.Ş. ASFAT will be able to submit offers to foreign and domestic tenders taking advantage of military factory and military shipyard capabilities. ASFAT will be completely owned by the Undersecretariat of Treasury and will be monitored by Ministry of Defence. ASFAT will be able the use all military infrastructure, platform, ammunition, subsystems and test facilities by the approval of Defence Minister. Initial fund of ASFAT is 50 Million TL.

Military Factories Became A Company

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