ASFAT Inc.

(Military Factory and Shipyard Management Inc.)

ASFAT Inc. was established on January 17, 2018 in order to contribute to the national economy by utilizing the facilities and capabilities of the 27 military factories and 3 naval shipyards within the body of Ministry of National Defense and to serve the global defense industry benefiting from Turkish national facilities.

The whole capital of ASFAT Inc. is invested by the Undersecretariat of Treasury (currently the Ministry of Treasury and Finance). ASFAT Inc. operates under the auspices of the Turkish Ministry of National Defense. The General Board of ASFAT Inc. is headed by the Minister of National Defense while the Chair of Executive Board is Deputy Minister.

ASFAT Inc. was established on January 17, 2018 in order to contribute to the national economy by utilizing the facilities and capabilities of the 27 military factories and 3 naval shipyards within the body of Ministry of National Defense and to serve the global defense industry benefiting from Turkish national facilities.

ASFAT Inc. is authorized to make "Intergovernmental Agreements".