Leading Turkish defense manufacturer ASELSAN announced Friday that it had signed an agreement with Spain's Indra to work together on railway control systems.

The two companies signed a memorandum of understanding designed to create the framework for future collaboration on railway planning, traffic management, signaling, and control system projects for Turkey and international markets, Aselsan said in a statement.

The two companies also intend to expand their cooperation in non-defense sectors.

"Aside from their defense sector activities, ASELSAN and Indra, who are their own domestic market leaders as well as reliable international market suppliers, cooperatively will be expanding activities in fast-growing non-defense sectors relying on their system solutions," said the statement.