Otokar’s Acquisition of Automecanica SA Approved by Romania
Romania’s foreign direct investment authorities have approved the acquisition of Automecania SA by Otokar, to support the local production of Cobra II 4x4.
Romania News
Land
Investment
Land
Unmanned Systems
Expo and Air Show
OTOKAR Unveils 6x6 Medium-2 UGV for Romania at BSDA2026
OTOKAR unveiled a new 6x6 Medium-2 UGV for Romania, jointly developed with Romanian BlueSpace and Turkish UGV developer Elektroland at the BSDA2026 exhibition.
Land
Expo and Air Show
OTOKAR Displays the First COBRA II 4x4 Produced in Romania
OTOKAR displayed the first Romanian-produced COBRA II 4x4 tactical armoured vehicle in the BSDA2026 defence exhibition, held in Romania’s capital, Bucharest.
Land
Investment
Otokar acquires Romanian plant for EU expansion
Otokar has signed a deal to acquire Automecanica SA in Romania, gaining control of an EU-based armoured vehicle production facility for future operations.
Navy / Maritime
Unmanned Systems
Portugal’s New Multifunctional Ship Launched in Romania
The Portuguese Navy’s Multifunction Naval Platform D. João II (A5209) for unmanned platforms was launched at Damen’s Galati shipyard located in Romania.
Land
First Batch of Cobra II 4x4 Vehicles in Romanian Service
Otokar announced that the first batch of the 1059 Cobra II 4x4 armoured vehicles to be produced for Romania has entered service with the Romanian Land Forces.
Land
Investment
Romanian court suspends €46m penalty claim against Otokar
A Romanian court has ordered the suspension of enforcement for a €46 million penalty claim against Otokar under the COBRA II armoured vehicle programme.
Land
Romanian Army inducts first COBRA II vehicles amid dispute
Romania begins distributing the first batch of COBRA II vehicles to army units as deliveries proceed despite contractual tensions over localisation milestones.
Land
Investment
Otokar Hit with Romania Penalty, Eyes EU Production
Romania imposed a new penalty over Cobra II delays, while Otokar moves ahead with local production and positions investment as its European manufacturing hub.
Investment
Hanwha Breaks Ground on K9 and K10 Plant in Romania
Hanwha Aerospace has broken ground on a new armoured vehicle production facility in Petrești, Dâmbovița County, localising K9 and K10 systems in Europe.
Land
Investment
Bilateral Relations
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.
Land
Investment
Analysis
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.
Land
Investment
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.
Navy / Maritime
Unmanned Systems
Turkish Naval Industry Delivers Five Platforms Abroad
Türkiye marks an unofficial Maritime Day with a rare concentration of naval milestones, combining export deliveries, newbuilds and commissioning ceremonies.
