Turkish defense contractor Roketsan is investing $3 billion in infrastructure expansion to enhance its domestic missile production and space launch capabilities, according to CEO Murat İkinci.

Roketsan recently completed the first $1 billion phase of the initiative, anchored by a $450 million fuel production plant in the central Turkish city of Kırıkkale, which is expected to significantly boost Türkiye’s fuel output, The Caspian Post reports, citing Turkish media.

The firm will also establish a new tech research and development (R&D) center to be staffed by 1,000 workers - the facility is described as Europe’s largest warhead manufacturing plant.

The new infrastructure will enable the domestic mass production of anti-tank weapons, penetration warheads, and Tayfun ballistic missiles.

Speaking to reporters at a groundbreaking ceremony on April 7, İkinci outlined the firm’s financial roadmap, framing the infrastructure expansion as a necessary response to the booming global defense market.

“We aim to add another $2 billion to this amount with the new investments we will make in the coming period, bringing the total to $3 billion,” he said.

This week saw the start of the next phase of the firm’s new air defense and ballistic missile production plant groundbreaking.

İkinci stated that Roketsan secured over $10 billion in new orders last year, as a defense supplier to nearly 50 countries - he said the firm’s total export volume surged more than 100 percent last year.