Turkish Economy - News & Updates

[Yuuki]

Photograph: IMF
This map, from the World Economic Outlook, shows which parts of the world economy should expand strongly this year (dark blue), which should manage solid growth (light blue), which will grow slower (yellow) or struggle (orange), and which will actually contract (red).

You can see why the IMF remains so concerned about Europe.

 

[revojam]

Free trade agreements with US a must: Minister

Prior to Turkish Prime Minister’s upcoming US visit, the economy minister has gotten the top business leaders around table to discuss roadmap to pursue for the free trade deal process with the US


If the planned Transatlantic Free Trade Agreement (TAFTA) occurs between the United States and the European Union without supporting free trade agreements between Turkey and United States, Turkey’s trade capacities will experience severe hardship and the trade deficit will increase immensely, Economy Minister Zafer Çağlayan said during a meeting with leading business and trade figures.

Turkey’s customs union agreement with the European Union will leave the country out in the cold if proper agreements are not also signed with U.S. counterparts, Çağlayan said, stressing that Turkey faced unfair competition against products entering Turkey with very low customs taxes and Turkish products facing high customs taxes abroad.

“The transatlantic agreement will affect us tremendously if it takes place,” Çağlayan said. “We are already in a position where we buy three for every unit we sell. TAFTA will force us into further deficit, as well as hampering our development in trade.”

The issue was brought to the attention of U.S. President Barack Obama through a letter penned by Turkish Prime Minister Recep Tayyip Erdoğan, who is scheduled to conduct an official visit to Washington starting from May 15.

The letter underlined that it was “unacceptable for Turkey to be facing such injustice,” according to Çağlayan, who added that Erdoğan’s upcoming visit would also include events and meetings focusing on the TAFTA problem. TAFTA was also mentioned during U.S. Secretary of State John Kerry’s meeting, Çağlayan said.

The atmosphere around the to the problem looks hopeful, with constant diplomatic pressure being exerted and Turkish authorities remaining in high-level communications to deal with the issue, he added.

‘Customs Union historic mistake’

The problem stems from Turkey’s conditions in the Customs Union Agreement with European Union, a “historic mistake” for which Turkey has been paying for the past 18 years, Çağlayan said.

“We spend so much time and effort on this, I wish we didn’t have to … We spend so much of our energy facing these injustices from the European Union, trying to negotiate quotas and custom taxes with countries. Back at the time of its signing, the customs union trade agreement was crucial and it allowed Turkey to open to world trade. Now though, it has become unbearable,” he said.

ECONOMICS - Free trade agreements with US a must: Minister

 

[mahatir]

Turkey economy is great but it has only two problems Current Account Deficit and Energy security , I guess Energy security will be solved easily in 4 years after gas pipelines run from northern Iraq " krg " into Turkey . Now Turkey challenge is to curb down its current account deficit .

 

[-SINAN-]

Turkey holds the second top spot in R&D spending growth

Turkey ranks among the top 20 countries for research and development (R&D) spending and second only to China in terms of R&D expenditure growth, according to the country’s top scientific body, Scientific and Technological Research Council of Turkey (TUBITAK).

The country achieved an average annual growth rate of 15.7 percent for R&D expenditures between the years 2006 and 2011, according to Huseyin Guler, Head of Science, Technology and Innovation Policy Department of TUBITAK. “Turkey’s spending on R&D activities has been steadily increasing for the last 10 years and we have reached the second top spot in terms of the R&D expenditure growth rate.” Guler said, adding that the country’s further development in certain sectors such as automotive, energy and food depended on R&D activities.

“Turkey’s goals for the year 2023 can be reached by investing in landmark projects like the high-tech education initiative Fatih Project, domestically branded automobiles, and the surveillance satellite Gokturk..”, the TUBITAK official noted.

The country provides special investment incentives in the form of tax exemptions and cuts as well as financial support to improve the technological competitiveness and innovation capacity of vital industries.

Turkey spent USD 11,1 billion on R&D in 2011 figures, equal to 0.86 percent of the country’s GDP for the same year, according to the Turkish Statistical Institute (TurkStat). R&D expenditure in Turkey is expected to account for 3 percent of the country’s GDP by 2023, the centennial of the republic.

 

[Yuuki]

Turkish Central Bank reserves reach record $130 billion

The Turkish Central Bank’s reserves surpassed $130 billion, marking a record, Turkish Prime Minister Recep Tayyip Erdoğan announced.

“I’m announcing for the first time that our Central Bank’s reserves broke a record and reached $130 billion,” he said during his speech at an expanded meeting of provincial chairs of his ruling Justice and Development Party (AKP).

The reserves, which were $127 billion on April 5, jumped by 3.2 billion in a week and logged at $130.2 billion as of April 12.

The Central Bank implemented an aggressive U.S. dollar purchasing policy last year to defend the lira against foreign currencies.
April/19/2013

FINANCE - Turkish Central Bank reserves reach record $130 billion

Turkey's foreign reserves hit record 130 billion USD - Xinhua | English.news.cn

Turkey's foreign reserves hit record 130 billion USD - China.org.cn

 

[Yuuki]

Enel Green to Invest $5.5 Billion to Tap Emerging Market Growth

By Alessandra Migliaccio - 2013-04-16T10:00:59Z
Enel Green Power SpA (ENEL) will invest about 4.2 billion euros ($5.5 billion) through 2017 in emerging markets such as Turkey, South Africa, Morocco, Peru, Colombia and Brazil, Chief Executive Officer Francesco Starace said.
“Given the circumstances, we are very pleased to say that we keep investing,” Chief Executive Officer Francesco Starace said in an interview today. “Countries like Turkey and Brazil have endless growth potential.”

Starace confirmed the company’s overall investment plan of 6.1 billion euros in the next four years. The growth will be “organic” and the projects will be self-financed, he said. By 2017 installed capacity in emerging markets will grow fourfold from last year to 3,600 megawatts, according to a company statement released today.
The clean-energy unit of Italy’s biggest utility is taking advantage of growth in emerging countries to offset weaker demand at home because of recession and lower subsidies. Power demand in Latin America will increase 4.9 percent this year, according to Enel data.
Enel Green is also diversifying its energy mix taking advantage of sources like geothermal and biomass, Starace said.
“It’s a good hedge against risks,” he said. “It’s a lot less risky to put in a solar plant and a lot of people can do that, whereas it’s more difficult to install geothermal and so we are investing in this.”
The Rome-based company forecast its earnings before interest, tax, depreciation and amortization targets of 1.8 billion euros this year, around 2.4 billion euros in 2015, and up to 2.7 billion euros in 2017, according to the new 2012-2017 strategic plan presented to analysts today.

Enel Green to Invest $5.5 Billion to Tap Emerging Market Growth - Bloomberg

Enel Green Power: Solar, Wind, Hydroelectric, Geothermal, Biomass
Home - Enel Green Power

 

[Yuuki]

Nordex: Contracts signed for 125 MW in Turkey

Installation to commence in autumn 2013
Hamburg, Istanbul, April 19, 2013. Wind turbine manufacturer Nordex is able to defend a leading position in the Turkish market. Now it has signed delivery and service contracts with two long-standing customers for four projects entailing a total of 50 turbines with a combined total capacity of 125 megawatts.

A total of 38 N100/2500 turbines are to be connected to the grid for Eksim Holding by autumn 2013. 20 turbines will be built at the Hasanbeyli wind farm in Eastern Turkey close to the city of Osmaniye. Located in the foothills of the Taurus mountains in the South East of Turkey at an altitude of around 1,400 metres, they will produce an annual energy yield of around 180 gigawatt/hours. Nordex is also installing a further wind farm for Eksim close to Silivri near Istanbul. Driven by average wind speeds of 7.8 m/s, the 18 2.5 MW turbines will generate 150 gigawatt/hours of electricity a year.

Nordex is also supplying Dost Enerji, with which Nordex originally launched its business activities in Turkey, with twelve N90/2500 turbines. One of these will be added to the Yuntdag wind farm, which has since been enlarged to 23 Nordex turbines. Located to the north of Izmir, this wind farm marked Nordex’s first foray into the Turkish market back in 2007. Thanks to the superb wind conditions at this site, the energy yield from this single turbine is expected to come to nine gigawatt/hours a year, equivalent to a capacity factor of 48 percent. Nordex is assembling the other eleven turbines at the Geres wind farm in the direct vicinity of Yuntdag. This wind farm is to produce 100 gigawatt/hours of clean energy a year. Dost Enerji is one of the pioneers in the commercial utilisation of wind power in Turkey.

Says Lars Bondo Krogsgaard, a member of Nordex’s Management Board: “We are delighted that our long-standing customers Dost Enerji and Eksim Holding have again opted for Nordex turbines. This underscores the favourable experience which they have gained with our technology and skills. As well as this, it testifies to two superb partnerships precisely in the Turkish wind power market, which is characterised by strong growth potential and excellent wind conditions.” The OECD predicts for Turkey an average growth of GDP of 5.2 percent.

Says Dr. Ruchan Hamamci, Coordinator of Renewable Energies at Eksim Holding: “We are currently operating wind farms with a capacity of 140 MW and will be adding a further 95 MW to this with our Hasanbeyli and Silivri wind farms. Our goal is to become the leading supplier of CO2-free electricity from wind in Turkey. Nordex has supplied us with reliable and efficient wind power systems allowing us to come closer to reaching our goal from day to day.”

About Nordex
As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favour of large-scale turbines. The Generation Gamma range comprises the N90/2500, N100/2500 and the N117/2400, the most efficient onshore turbine. To date, over 2,000 of these turbines have been produced. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. With Generation Delta, Nordex is now offering the fourth generation of its proven multi-megawatt platform (N100/3300, N117/30). Nordex has installed a total of around 5,100 turbines with an aggregate capacity of more than 8,100 MW all around the world. With exports accounting for more than 85 percent of its business, Nordex SE plays a key role in international high-growth regions. The Company has offices and subsidiaries in 22 countries around the world with a total global headcount of over 2,500 employees.

Nordex: Nordex: Contracts signed for 125 MW in Turkey

 

[-SINAN-]

Turkey’s biotechnology prowess on display at BIO 2013

he 20th edition of the BIO International Convention taking place in Chicago, USA includes a strong presence of public institutions, associations and companies from Turkey coordinated by the Investment Support and Promotion Agency of Turkey (ISPAT).

Speaking of Turkey’s strategic location, Muezzinoglu advised global investors to take note of the country’s status as a strong regional actor with an increasing international influence. “Turkey’s unique location between Asia and Europe is crucial for easy access to nearby markets. The immediate vicinity has a combined market of about 500 million people while a population of a billion is within 5 hours of flight time...”, the Minister said calling for biotech companies seeking new growth markets to consider Turkey and hinted of a large scale investment from a US company being close to announcement.
Coordinating the state and private sector participation from Turkey to this year’s BIO International Convention, ISPAT held a session entitled “Turkey – An Investment Hub for Growth in Biotech” to demonstrate Turkey’s investment opportunities in healthcare, pharmaceuticals and biotechnology.

“Multinational companies keep an eye on Turkey. At its current size of USD 67 billion, Turkey has the 14th largest pharmaceuticals market in the world and 6th largest in Europe..”, ISPAT President Ilker Ayci said at the event, foreseeing the market volume to reach USD 170 billion by 2023.

The ISPAT President likened the BIO event to the World Economic Forum annually held in Davos, Switzerland in importance and scope, saying, “Turkey attracted a total of USD 850 million in healthcare investments last year. Strong prospects of growth indicate to a lot of opportunities for foreign pharma manufacturers to invest in Turkey either on their own or in partnership with a Turkish company…”

“Turkey allocates 1 percent of its GDP to R&D efforts. Having a R&D budget that corresponds to 3 percent of our GDP by 2023 is a national goal..” Ayci remarked. “This means doubling the R&D expenditures for the pharmaceutical industry, currently at USD 60 million, over the next 5 years..”, he added.

134 of some 300 pharmaceutical companies operating in Turkey are either foreign owned or partnered.

 

[eagleeye]

ITU will produce domestic microchip. That will be used first on Anka Uav. If it is true it is a good step to become more self sufficient.


ÝTÜ yerli çip üretecek - Sabah - 27 Nisan 2013

 

[Ir.Tab.]

Turkey, Japan sign $22 bln deal for Sinop nuclear plant: ENERGY - Turkey, Japan sign $22 bln deal for Sinop nuclear plant

The Cengiz-Kolin-Limak-Mapa-Kalyon Consortium, a joint venture of Turkish companies, has won a tender for a controversial third airport in Istanbul, promising to pay the government 22.1 billion euros for 25 years starting from 2017: ECONOMICS - Consortium wins Istanbul airport tender for 22.1 billion euros

 

[-SINAN-]

Hattat eyes aircraft manufacturing

Turkey’s Hattat Holding subsidiary Hema Defense, which particularly manufactures armored vehicles, is planning to manufacture a regional jet liner. “We’d like to build short-range passenger plane,” said İbrahim Hattat in an interview with Hürriyet Daily News yesterday during the fair, the Chairman of Hattat Holding. He noted that they might sign a deal for manufacturing such a plane, which will be completely local, in 2014.

However, Hema Defense is a candidate for manufacturing jet motors for a national fighter aircraft, which is a project of Turkish arms manufacturer TAI.

http://www.hurriyetdailynews.com/unmanned-aerial-vehicle-to-be-used-more-in-civil-aviation.aspx?pageID=238&nID=46425&NewsCatID=345

"İlk yerli business jete talibiz. 60-70 kişilik, 3-4 saatlik yakın mesafelere uçan bölgesel jet üretimi için babayiğit biziz. İsveçli Saab'ın uçak motoru üretim bölümü, Brezilyalı Embraer ile görüşüyoruz" dedi. Uçağın motorunu da kendilerinin yapacağını belirten Hattat, bu konuda da bir şirketle görüştüklerini söyledi.
Yerli uçağın özellikle entegrasyonuna talip olduklarını belirten Hattat "İşbirliği yapacağımız şirketlerin teknolojilerini millileştirerek istediğimiz uçak motoru ve tasarımını geliştirmeyi planlıyoruz"

Milliyet - Yerli otomobilden önce yerli jet geliyor!

 

[trajanus]

Turkey PM signals locally developed new nuke plant

9 May 2013 /TODAY'S ZAMAN WITH WIRES, İSTANBUL

Less than a week following a deal with Japan to construct Turkey's second nuclear power plant, Turkish Prime Minister Recep Tayyip Erdoğan asserted on Thursday in İstanbul that the government is ready to work hard to build a home-grown nuclear industry.




Eager to cut reliance on costly imported oil and gas, Turkey hopes to have three nuclear power plants operational by the year 2023. Ankara last week awarded a $22 billion deal to a Japanese-French consortium to build its second nuclear power plant at Sinop on the Black Sea coast. The development of Turkey's planned first nuclear plant was earlier handed to Russia's Rosatom, which aims for it to be operational in 2019. Developing an indigenous nuclear industry is part of that strategy. The government hopes that by the time it builds its third planned nuclear plant, local manpower and technology will be the backbone of the project.

Turkey is set to overtake Britain as Europe's third-biggest electricity consumer within a decade and is seeking to cut its reliance on imported energy, the root cause of a gaping current account deficit that is its main economic weakness. “We are already training engineers and have taken serious steps to meet the demand for qualified personnel at home,” Erdoğan told a meeting in İstanbul on Thursday. Erdoğan said the government has faith the country's finance and manpower potential will be enough to build a third plant. The agreement with Japan envisages the setting up of Turkish vocational colleges and universities to provide nuclear training. Under the deal with Rosatom, each year 100 students will be trained in Russia. The program attracted more than 5,000 applications for positions this year.

On Wednesday, Energy Minister Taner Yıldız said Ankara was looking for its third plant to be 80-85 percent built with Turkish engineering and expertise, although a foreign partner would probably still be involved in the financing. "We will wait for the third plant in order to accumulate our nuclear experience. We would team up with a foreign partner, but the third one will not be a build-and-operate deal," he said, making it clear that Turkey would want to operate the plant itself. Turkey is adopting the same model that Gulf states with atomic ambitions such as the United Arab Emirates have used -- relying on foreign talent and financing to build, operate and maintain their first plants as they seek to develop local expertise. While the UAE has a more comprehensive approach to developing home-grown expertise, Turkey has the advantage of a deeper level of experience in nuclear science, experts say.

Others say the country needs to develop its human expertise fast. Measures in this regard are being taken. Turkey is working to establish universities and vocational colleges near Sinop, where the second plant will be located, with the aim of educating a new generation of nuclear engineers.

 

[Ir.Tab.]

Turkey will gain at least $12 billion by the end of the F-35 project in 2039

Turkey, a member of F-35 Joint Strike Fighters, will gain at least $12 billion by the end of the F-35 project in 2039, a senior executive of the U.S. aerospace industries company Lockheed Martin has said at the 11th International Defense Industry Fair (IDEF) being held from May 7 to 10 in Istanbul.

“We planned to build 3,100 jets by 2039 in the framework of the [F-35] project. It means a business worth around $12 billion for Turkey,” Steve O’Bryan, the Vice President of F-35 Business Development at Lockheed Martin, said on May 8.

Turkey is one of nine countries that are part of a U.S.-led consortium to build the F-35 fighter. The others are Britain, Canada, Italy, the Netherlands, Australia, Norway and Denmark. O’Bryan stated that if Turkey was not one of nine provider countries of the F-35 project, they could not have achieved it.

“Turkey obtained a contract worth $300 million from this project even though it has not made any jet orders. However, this amount will increase to $1 billion when jet orders start to be delivered,” he said.

O’Bryan stated that “Turkey’s 100-plane order, which will be worth less than $12 billion, will be delivered between 2017 and 2025. But, Turkey will also manufacture the planned 3,100 jets.”

Turkey had planned to order 100 units of the stealth fighter to replace its current fleet, consisting mainly of F-4 Phantoms and F-16 Falcons, but it postponed in January the order to purchase its first two U.S.-made F-35 fighter jets due to technical problems and rising costs, but said it still intends to buy 100 more in the long run.

May/10/2013

 

[-SINAN-]

^^ Some additional info to post above.

Ten Turkish companies participated in the Lockheed Martin F-35 Industry Recognition Event during the IDEF tradeshow today. Turkish companies are major contributors to the current international production of the F-35 Lightning II and the advanced Turkish SOM weapon in development to be used on the F-35 and have resulted in approximately 1,000 jobs for Turkish industry. Murad Bayar, Undersecretary for Defense Industries (SSM), was recognized for the role SSM provides in the form of leadership, vision, and the commitment of Turkish industry as a best value contributor on the F-35 Program.

“Lockheed Martin values the partnership we have established with the Turkish government, military and industry during the past quarter century with the F-16 and the C-130,” said Steve O’Bryan, vice president, F-35 Program Integration and Business Development, Lockheed Martin Aeronautics. “That relationship continues to flourish as every F-35 delivered has Turkish components.”

The 10 Turkish companies supporting the development production of F-35 include:

Alp Aviation has been supporting the program since 2004 and currently manufactures F-35 production airframe structure and assemblies, production landing gear components and production F135 engine titanium integrated blade rotors for the engine.

Aselsan is developing manufacturing approaches for advanced optical components, which are part of the F-35 Electro Optical Targeting System. They are also working with Northrup Grumman on the F-35 CNI Avionic Interface Controller and will initiate full scale production activities in the near term.

Ayesas currently is the sole source supplier for two major F-35 components – missile remote interface unit and the panoramic cockpit display.

Fokker Elmo manufactures 40 percent of the F-35 Electrical Wiring & Interconnection System (EWIS) and will also deliver and support TAI with all center section wiring systems. Fokker Elmo will also develop the EWIS for the engine, for which a major share is produced in Fokker Elmo Turkey in Izmir.

Havelsan has been supporting the F-35 training systems since 2005. Additionally, Havelsan has been instrumental as the Turkish lead for developing the construct of the future Turkish F-35 Integrated Pilot and Maintenance Training Center (ITC) and associated training systems in Turkey.

Kale Aerospace has been supporting the F-35 since 2005. In conjunction with Turkish Aerospace Industries, they manufacture and produce F-35 airframe structures and assemblies. Kale Aero also supports Heroux Devtek as the sole source supplier for all three variants landing gear lock assemblies. Additionally, Kale Aerospace has also established a joint venture in Izmir with Pratt & Whitney to manufacture production hardware for the engine.

MiKES has been supporting the F-35 Program since 2004 and MiKES has delivered F-35 aircraft components and assemblies for British Aerospace Engineering (BAE) and Northrop Grumman.

ROKETSAN and Tubitak-SAGE are the Turkish joint leadership team who strategically manage the development, integration, and production of the advanced precision-guided Stand-off Missle (SOM) which will be carried internally on the 5th Generation F-35 aircraft.

Turkish Aerospace Industries (TAI) has been strategically supporting the F-35 Program since 2008. Currently supplying production hardware that goes into every F-35 production aircraft. In conjuction of Northrup Grumman, TAI manufactures and assembles the center fuselages, produces composite skins and weapon bay doors, and manufactures fiber placement composite air inlet ducts. Additionally, TAI is strategically manufacturing almost 50 percent of F-35’ Alternate Mission Equipment (AME) including Air-to-Ground Pylons and adapters. In 2011, TAI and Pratt & Whitney signed a strategic agreement to pursue options for future F135 FACO and MRO capabilities for Turkey. TAI who has also been assigned to represent the organic depots of the Turkish Armed Forces within the Autonomic Logistic Global Sustainment (ALGS) system.

Source: https://www.f35.com/news/detail/turkish-industry-takes-off-in-support-of-f-35

 

[Type 052D]

^^ Some additional info to post above.

Ten Turkish companies participated in the Lockheed Martin F-35 Industry Recognition Event during the IDEF tradeshow today. Turkish companies are major contributors to the current international production of the F-35 Lightning II and the advanced Turkish SOM weapon in development to be used on the F-35 and have resulted in approximately 1,000 jobs for Turkish industry. Murad Bayar, Undersecretary for Defense Industries (SSM), was recognized for the role SSM provides in the form of leadership, vision, and the commitment of Turkish industry as a best value contributor on the F-35 Program.

“Lockheed Martin values the partnership we have established with the Turkish government, military and industry during the past quarter century with the F-16 and the C-130,” said Steve O’Bryan, vice president, F-35 Program Integration and Business Development, Lockheed Martin Aeronautics. “That relationship continues to flourish as every F-35 delivered has Turkish components.”

The 10 Turkish companies supporting the development production of F-35 include:

Alp Aviation has been supporting the program since 2004 and currently manufactures F-35 production airframe structure and assemblies, production landing gear components and production F135 engine titanium integrated blade rotors for the engine.

Aselsan is developing manufacturing approaches for advanced optical components, which are part of the F-35 Electro Optical Targeting System. They are also working with Northrup Grumman on the F-35 CNI Avionic Interface Controller and will initiate full scale production activities in the near term.

Ayesas currently is the sole source supplier for two major F-35 components – missile remote interface unit and the panoramic cockpit display.

Fokker Elmo manufactures 40 percent of the F-35 Electrical Wiring & Interconnection System (EWIS) and will also deliver and support TAI with all center section wiring systems. Fokker Elmo will also develop the EWIS for the engine, for which a major share is produced in Fokker Elmo Turkey in Izmir.

Havelsan has been supporting the F-35 training systems since 2005. Additionally, Havelsan has been instrumental as the Turkish lead for developing the construct of the future Turkish F-35 Integrated Pilot and Maintenance Training Center (ITC) and associated training systems in Turkey.

Kale Aerospace has been supporting the F-35 since 2005. In conjunction with Turkish Aerospace Industries, they manufacture and produce F-35 airframe structures and assemblies. Kale Aero also supports Heroux Devtek as the sole source supplier for all three variants landing gear lock assemblies. Additionally, Kale Aerospace has also established a joint venture in Izmir with Pratt & Whitney to manufacture production hardware for the engine.

MiKES has been supporting the F-35 Program since 2004 and MiKES has delivered F-35 aircraft components and assemblies for British Aerospace Engineering (BAE) and Northrop Grumman.

ROKETSAN and Tubitak-SAGE are the Turkish joint leadership team who strategically manage the development, integration, and production of the advanced precision-guided Stand-off Missle (SOM) which will be carried internally on the 5th Generation F-35 aircraft.

Turkish Aerospace Industries (TAI) has been strategically supporting the F-35 Program since 2008. Currently supplying production hardware that goes into every F-35 production aircraft. In conjuction of Northrup Grumman, TAI manufactures and assembles the center fuselages, produces composite skins and weapon bay doors, and manufactures fiber placement composite air inlet ducts. Additionally, TAI is strategically manufacturing almost 50 percent of F-35’ Alternate Mission Equipment (AME) including Air-to-Ground Pylons and adapters. In 2011, TAI and Pratt & Whitney signed a strategic agreement to pursue options for future F135 FACO and MRO capabilities for Turkey. TAI who has also been assigned to represent the organic depots of the Turkish Armed Forces within the Autonomic Logistic Global Sustainment (ALGS) system.

Source: https://www.f35.com/news/detail/turkish-industry-takes-off-in-support-of-f-35

Will these Turkish Technology corporations help develop parts for the future TFX-Fighter using experiences from the JSF program?