Investment News

Otokar to acquire Automecanica in Romania majority stake
Romania Turkiye

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.

Romania’s tender penalties chill defence competition
Romania Turkiye

Romania’s tender penalties chill defence competition

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 to pay TL1.8bn compensation in Romania COBRA II deal
Romania Turkiye

Otokar to pay TL1.8bn compensation in Romania COBRA II deal

Otokar has agreed to pay compensation over schedule delays in its Romania COBRA II 4X4 armoured vehicle contract; deductions to come from 2025 revenues.

Turkiye and Malaysia to Establish Joint Shipyard in Melaka
Malaysia Turkiye

Turkiye and Malaysia to Establish Joint Shipyard in Melaka

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 prepares to reclaim UH-1 and AB206 fleets unmanned
Turkiye

TITRA prepares to reclaim UH-1 and AB206 fleets unmanned

TITRA Technology detailed its efforts to convert UH-1 and AB206 helicopters into unmanned platforms, alongside updates on production capacity and exports.

Baykar Develops a Small Modular Reactor Prototype
Turkiye

Baykar Develops a Small Modular Reactor Prototype

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’s Ramjet Test Platform Achieves Ignition at Flight
Turkiye

DeltaV’s Ramjet Test Platform Achieves Ignition at Flight

DeltaV, recently having tested a series of platforms for hybrid rockets, launched its ramjet test platform at Sinop, achieving ignition at flight conditions.

BMC Delivers the First Batch of Production ALTAY MBTs to TAF
Turkiye

BMC Delivers the First Batch of Production ALTAY MBTs to TAF

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 Group Targets Mass Production and Export Expansion
Turkiye

Altınay Group Targets Mass Production and Export Expansion

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 lays foundation for new $50M Technology Campus
Turkiye

Altınay lays foundation for new $50M Technology Campus

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.

Chile’s FAMAE Starts Using Ateşçi’s Ammunition Machinery
Chile Turkiye

Chile’s FAMAE Starts Using Ateşçi’s Ammunition Machinery

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 Opens Ammunition Assembly Line In Mongolia
Turkiye Mongolia

Turkish MoD’s MKE Opens Ammunition Assembly Line In Mongolia

Turkish MoD’s MKE inaugurated its newly established cartridge and filling assembly line in Mongolia, marking its second overseas facility after Jordan.

Boeing to convert USAF E-7 Wedgetail prototypes in UK
USA United Kingdom

Boeing to convert USAF E-7 Wedgetail prototypes in UK

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 Allocates Budget for Giuseppe Garibaldi Carrier
Indonesia Italy

Indonesia Allocates Budget for Giuseppe Garibaldi Carrier

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.