WASHINGTON, DC – JULY 11: Ukrainian President Volodymyr Zelensky and NATO Secretary Jens Stoltenberg … (+) greet each other during a press conference at the 2024 NATO Summit on July 11, 2024 in Washington, DC. NATO leaders are meeting in Washington this week for their annual summit to discuss future strategies and commitments and to mark the 75th anniversary of the founding of the alliance. (Photo by Kevin Dietsch//JOBs Apply News/Getty Images)
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By Joseph Hammond
California is said to have won the Cold War. The innovative weapons and technology developed in the Golden State put the Soviet Union at a disadvantage. At the same time, those jobs fueled the development of a strong middle class in California during the boom years of the 1960s and beyond. Everyone, it seemed, wanted a defense job in California, but why not?
Then the Cold War ended. Production was cut back. Some weapons systems remained on the drawing board. Some companies merged. Others disappeared.
The war in Ukraine, coupled with growing fears over Taiwan and other conflicts there, have ushered in a new era of defense spending in NATO countries. The United States is no exception, and under former President Trump, defense spending has also skyrocketed. According to Markets and Markets, global defense spending amounted to a whopping $1.7 trillion in 2022. That figure will continue to grow this year.
The hot war in Ukraine is proving to be as lucrative as the Cold War for many companies. As Forbes previously reported, defense startups are receiving above-average interest from investors, and publicly traded companies continue to receive attention. This is important because these types of companies typically generate jobs. NATO countries spent $360 billion on weapons systems, combat vehicles, and equipment. That figure is double what it was ten years ago. That total is even more shocking when you consider that a decade ago many NATO countries were still engaged in fighting in Afghanistan.
“Despite this, defense spending continues to grow and is not driven solely by the war in Ukraine,” said Mustafa Veysel Güldoğan, “this bodes well for defense industry jobs in the United States and elsewhere.”
Güldoğan is the chairman of the Turkish Atlantic Council. Like its American counterpart, the body is firmly committed to strong ties with NATO. Given the size of the market, the United States continues to receive interest from foreign investors in weapons development. The final declaration of the recent NATO summit in Washington called for significant industrial cooperation between member states.
“We will continue to reduce and eliminate, as appropriate, barriers to defense trade and investment among Allies,” the statement said, “Building on the Defense Production Action Plan agreed at the Vilnius Summit in 2023, we commit to doing more together as Allies, including to strengthen the defense industry across the Alliance, act with urgency to deliver the most critical capabilities, and reinforce our commitment to NATO standards.”
The Turkish Atlantic Council is looking to host a major summit in Turkey in November to build on the momentum of the Washington Declaration and open up new investment opportunities.
Serdar Özyurt, chairman of the board of directors of Özyurt Arms Industry Inc., inspects one of his weapons.
Özyurt arms industry
Türkiye is according to the Stockholm International Peace Research Institute the largest arms importer among NATO countries, with the exception of Poland.
The ability of these investments to create jobs is well known. However, regulation often gets in the way. Notably, “Buy American” restrictions once prevented the Department of Defense from signing a contract with an American company that, under NAFTA, sourced raw steel from Mexico. The net benefit was a blow to American jobs, the CATO Institute recalled in a recent blog post. What happened after?:
“So the Department of Defense turned to our allies for help, purchasing steel from Sweden, Germany, Israel and Australia.”
The recent announcement of the possible sale of a major US ammunition manufacturer to a Czech manufacturer has sparked a controversy in Congress. Last week, the Czech manufacturer has increased its Your offer Similarly, President Joe Biden has expressed concerns about Nippon Steel’s acquisition of U.S. steel assets, with national security considerations being one aspect of this.
“The United States, due to its market size, will continue to attract significant interests from defense manufacturers despite any particular problems,” said Serdar Özyurt, chairman of the board of directors of Özyurt Arms Industry Inc.
Serdar Özyurt, Chairman of the Board of Directors of Özyurt Arms Industry Inc., in his office. The company is one of many seeking to strengthen defense ties with NATO countries.
Özyurt Arms Industry Inc.
Ozyurt is one of the most innovative companies in the field of defense, and has helped propel Turkish defense companies to global success. The country now exports weapons and ammunition produced by Turkish engineers to more than 100 countries around the world.
Selcuk Bayraktar, brother-in-law of the Turkish president, was recently included in the Forbes list as one of the richest men in the world. The arms manufacturer rose to fame with the manufacture of drones. The company’s TB-2 drone, which has been widely used in Ukraine and other battlefields, has become one of the most iconic systems in the world. What the AK-47 or the F-86 Sabre were in times past.
Özyurt Arms Industry Inc., is one of Turkey’s leading firearms manufacturers and has contracted design capabilities in the United States.
“For companies around the world involved in the defense sector, this is a time of expansion,” said Özyurt. “I think it is a very good time to work in the defense sector because employers are interested in developing and retaining good employees. Also, AI has not yet had the impact it has had in other sectors, but it will soon.”
It has accelerated its growth plans, especially in the US market. The war in Ukraine has only accelerated interest in arms production and export. However, for NATO countries, the increased production has increased the risk of becoming victims of Russian sabotage operations.
Last week, several NATO intelligence services reported that Russian agents had planned to assassinate a German arms manufacturer. This is not a big concern in the United States, so other countries are eyeing the American market.
The rise of defense also means that more than ever before, employees are working on projects that move from the drawing board to production.
“In just a year and a half, we brought to market Turkey’s first AK-based infantry rifle in 7.62×39 caliber. We also manufacture 7.62×39 infantry rifles, 9mm pistols, and 308 and 309 sniper rifles. In three years, we have produced seven different firearms. Our (R&D) team in the United States has been instrumental in driving this success.”
The Turkish defense industry produces weapons in many areas, from unmanned aerial vehicles to helicopters and much more. Özyurt Arms Industry has focused on firearms in five categories: infantry rifles, machine guns, pistols, sniper rifles and submachine guns. We expect our export volume to increase by 20% in 2024.”
The BMZ 338 long-range sniper rifle, the YİĞİT21 sniper rifle, and the Efe19 pistol from Özyurt Arms Industry, some of which could have civilian uses in the United States. The Kalashnikov Asi 21 infantry rifle is a standard infantry weapon that would be an upgrade for many countries.
In 2023, Özyurt Arms Industry Inc. exported arms and ammunition to over 100 countries. Among these weapons, the Asi-21 model, based on the Kalashnikov, holds the title of the first Turkish assault rifle. The weapon has proven popular with Özyurt Arms Industry, having received orders from Azerbaijan, Poland, the United Kingdom, the United States, and several African countries. In fact, NATO countries are not the only ones spending on new weapons: Saudi Arabia and China are also driving global demand.
According to a recent report by Investment Monitor approximately a quarter of FDI In the aerospace and defense sector, global foreign direct investment (FDI) is targeting the United States, followed by France, the Netherlands, Germany, and the United Kingdom. Turkey is just one of several countries looking to work more closely with the United States in line with NATO’s recent statement. FDI in the U.S. defense sector hit an all-time high in 2023 according to the report. Good news for the future of work in the defense industry.
“We produce the most suitable solutions with a professional engineering infrastructure team to meet our customers’ military and defense needs and for modernization. Today’s defense industry workers may be based in California, Anatolia or Italy, but they must think globally,” Ozyurt said.
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