Canik News
9. Issue May-June-July-August 2024

CANiK to Make Waves in 2024 Across the Globe

CANiK and its sibling companies under the Samsun Yurt Savunma (SYS) group are set to make a significant impact on the international stage.

BULLETIN
BULLETIN

CANiK to Make Waves in 2024 Across the Globe

CANiK and its sibling companies under the Samsun Yurt Savunma (SYS) group are set to make a significant impact on the international stage. In 2023, CANiK participated in 13 fairs across four continents and secured a spot among the top 10 companies in the defense sector by exports. For 2024, the company aims to build on this success by participating in 14 international fairs.

According to the 2023 data from the Turkish Exporters’ Assembly (TİM), CANiK achieved an export volume of $133 million, ranking it among the top 10 defense sector companies by exports. The flagship of the SYS group, CANiK has also set ambitious goals for 2024. Along with its group companies, CANiK will participate in 14 international fairs, 12 of which are overseas. The first stop for SYS in 2024 was the SHOT Show, held in Las Vegas, NV, from January 23 to 26, the largest firearms event in the world.

"We Are a Player in Global Competition"
Cahit Utku Aral, General Manager of CANiK, shared his views on the company’s goals: “There is a noticeable display of strength in the global defense industry. The increase in wars and conflicts in nearby regions, coupled with the rise in the formation of international blocs, has prompted governments to boost their defense and military budgets. This has driven market growth and increased demand in the sector. Thanks to these factors, Turkish defense industry exports broke another record in 2023. We also observed an increase in the defense budget allocated within the country compared to the previous year, supported by incentives for companies in the Turkish defense ecosystem. We expect 2024 to be an important year for exports and technological advancements in the sector. CANiK once again ranked in the top 10 in the Turkish defense industry by exports, and the company continues to be a key player in the global defense sector with the products it has launched to date. We continue to progress towards our goal with our high-tech and high-value-added products.”

Fourteen Fairs, from the USA to the African Continent
Following the SHOT Show in Las Vegas in January, CANiK also participated in the World Defense Show in Saudi Arabia and the Enforce Tac and IWA fairs in Germany in February. Throughout the year, SYS will take part in international fairs across various countries, including the USA, France, Africa, Malaysia, Poland, and Pakistan.
 
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