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Otokar signs $1.47 billion armoured vehicle export contract
Turkish manufacturer Otokar has signed a $1.47 billion export contract for wheeled armoured vehicles; the buyer country was not disclosed.
Turkish automotive and defence manufacturer Otokar has signed an export contract worth $1,472,080,360 for the supply of various types of wheeled armoured vehicles and integrated logistics support services, the company said in an October 1 filing with Türkiye’s Public Disclosure Platform (KAP). The filing did not name the buyer country, the vehicle models or the number of vehicles.
Deliveries are planned to begin in 2027 and be completed in batches over three years, and the contract will remain in force for seven years. It will take effect once the necessary official approvals are obtained, letters of guarantee are completed and the customer makes an advance payment.
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