Otokar to acquire Automecanica in Romania majority stake
Otokar to acquire its industrial partner Automecanica shifting from a mandatory JV model to ownership to strengthen local production execution and oversight.
Otokar to acquire its industrial partner Automecanica shifting from a mandatory JV model to ownership to strengthen local production execution and oversight.
Otokar facing a TRY 2bn penalty in a Romanian 4x4 programme highlights how harsh contract clauses can deter bidders and risk delaying capability delivery.
Otokar has agreed to pay compensation over schedule delays in its Romania COBRA II 4X4 armoured vehicle contract; deductions to come from 2025 revenues.
Türkiye and Malaysia will build the Enrique of Malacca Shipyard in Melaka with Desan Shipyard, a US$443m venture to further boost regional maritime capacity.
TITRA Technology detailed its efforts to convert UH-1 and AB206 helicopters into unmanned platforms, alongside updates on production capacity and exports.
Turkish Minister of Energy Alparslan Bayraktar stated that Baykar is working on a Small Modular Reactor (SMR), taking its first steps into nuclear energy.
DeltaV, recently having tested a series of platforms for hybrid rockets, launched its ramjet test platform at Sinop, achieving ignition at flight conditions.
BMC delivered the first ALTAY main battle tanks to the Turkish Armed Forces at its new facility to increase the output for vehicles and engines in Ankara.
Altınay is shifting from project-based work to serial production, aiming to turn in-house systems into off-the-shelf export products along defence sectors.
Altınay makes an investment on Türkiye's R&D base for robotics and motion control. The $50m Altınay Technology Campus (ATC) will employ 1,200 engineers.
Chilean state-owned weapons and ammunition manufacturer FAMAE has opened its 9x19 mm ammunition line, which uses the Turkish firm Ateşçi’s machinery.
Turkish MoD’s MKE inaugurated its newly established cartridge and filling assembly line in Mongolia, marking its second overseas facility after Jordan.
Boeing will convert two E-7 Wedgetail prototypes in Birmingham, the first U.S. military aircraft built in Britain in decades as debate over AEW plans endures.
Indonesia has approved a budget of $450 million for the purchase of the ex-Italian Navy aircraft carrier Giuseppe Garibaldi and two other budgets for aircraft.