Memorandum of understanding worth $2.5 billion signed between Havelsan and Nigeria's DICON for defense cooperation
Published
Turkish defense company Havelsan and the Nigerian Defence Industries Corporation (DICON) signed a memorandum of understanding at the AFRIDEX 2026 exhibition. The agreement was announced during the fair held in Lagos, Nigeria. The value of the agreement was stated as $2.5 billion.
The memorandum of understanding aims to develop cooperation in the defense field between the two institutions. The memorandum is accepted as the first step of a formal agreement. Therefore, the two parties are expected to work on concrete projects in the future. The source does not provide detailed information about the scope of the agreement or its implementation timeline.
AFRIDEX is known as one of the important fairs of the defense and security sector in Africa. Such fairs offer defense companies an opportunity to find new customers and establish partnerships. This signing is drawing attention at a time when the Turkish defense industry is trying to increase its presence in the African market.
In conclusion, this memorandum between Havelsan and DICON is seen as an important development for Turkey's defense exports. The concrete results of the agreement are expected to be announced in the coming period.
Sources: ssbulten.com.tr
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