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.
otokar News
Land
Investment
Land
Weapon / Missile
ASELSAN Tests KORKUT 140/35 SPAAG Mounted on ARMA II 8x8
KORKUT 140/35 SPAAG with ATOM 35 ABM airburst ammunition, mounted on Otokar’s ARMA II 8x8 armoured vehicle, shot down targets on the move in a recent test.
Land
Otokar Receives New Order for Cobra II 4x4 Armoured Vehicle
Otokar announced an order from an unnamed customer for its Cobra II 4x4 tactical armoured vehicles, worth $83.6 million, with the deliveries planned for 2025.
Land
Expo and Air Show
Otokar Showcases TULPAR and COBRA II at Expodefensa 2025
Otokar will show TULPAR and COBRA II scale models at Expodefensa 2025 as it pursues Latin American ties through technology transfer and local production.
Land
Brazilian Army Commander Visits Otokar’s Facilities
Brazilian Army’s Commander Tomas Miguel Mine Riberio Paiva visited Otokar’s facilities with the delegation accompanying him.
Land
Investment
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.
Simulator / AI / Drill/ Software
Expo and Air Show
Otokar Signs Strategic Cooperation Agreement with Guardiaris
Otokar partners with Slovenia’s Guardiaris for military vehicle simulation solutions, expanding collaboration into new markets and joint product initiatives.
Bilateral Relations
Defence Politics
Brazilian Army’s Commander in Chief to Visit Turkiye
Commander in Chief of the Brazilian Army, Tomás Miguel Miné Ribeiro Paiva, will visit Ankara and Istanbul between the 25th of October and the 3rd of November.
Land
Slovakian MoD Considers TULPAR for Light Tank Acquisition
Slovakian Minister of Defence Robert Kaliňák stated that Otokar’s TULPAR is being considered as a platform candidate for a new light tank with a 120 mm gun.
Land
Brazil Shortlists Competitors for Tracked AFV Acquisition
Brazil has shortlisted the tracked AFVs for its acquisition programme involving IFVs and light tanks, with Turkiye's Otokar Tulpar making it to the list.
Land
Investment
Otokar Boosts Vehicle Sales by 53 Percent in H1 2025
Otokar increased its vehicle sales to 3,430 units in the first half of 2025, driven by strong domestic and global demand, including major defence exports.
Land
Expo and Air Show
IDEF25: Otokar Shows Cobra II MRAP with Twin 12.7 mm Turret
Otokar is displaying the new configuration of Cobra II 4x4 MRAP with a manually operated turret fitted with two semi-independent 12.7 mm machine guns.
Land
Otokar Delivers First Batch of COBRA II Armoured Vehicles to Romania
Otokar delivers the first 14 COBRA II 4x4 vehicles to Romania, which undergoes local systems integration as part of a broader defence industrial partnership.
Land
Investment
Romania’s Cobra II 4x4 Vehicles Set for Delivery in 2025
Otokar will deliver the first batch of the Cobra II 4x4 vehicles produced in Turkiye to Romania in the fourth quarter of 2025, following the large-scale order.
Weapon / Missile
KORKUT 141/35 SPAAG for UAE Performs Firing Tests
ASELSAN stated that KORKUT 141/35 SPAAG mounted on Calidus 8x8 Wahash armoured vehicle performed its firing tests alongside the command/radar vehicles in 2024.
Land
Weapon / Missile
TAIMAS IFV, a Joint Work of Otokar, Kazakhstan, and China
The ARMA 8x8 armoured vehicles spotted in Kazakhstan’s military parade on the 9th of May have been locally titled TAIMAS, fitted with a turret from China.
