ASELSAN secures $166m guidance and EO system deals
ASELSAN has signed two new contracts worth $166.45 million covering guidance systems for Türkiye and electro-optic payloads for export-oriented platforms.
Investment News
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.
Production begins for KAAN weapon release subsystem
Subsystems of the KAAN programme are moving from the design stage to production as the aircraft progresses toward system integration and testing phases.
Ukraine Establishes UGV Production Line with Finland
Ukrainian UGV manufacturer Tencore has signed an MoU with Finnish firm Insta to produce the TerMIT UGV in Finland jointly, setting up a safer production line.
ASELSAN profit rises sharply as backlog and exports expand
ASELSAN reported 2025 growth in revenue, exports, and backlog, while audited filings show net profit rose nearly 50%, not highlighted in corporate summaries.
HAVELSAN’s SANCAR USV Enters Turkish Navy Inventory
SANCAR USV has entered the Turkish Navy’s inventory with a ceremony, also hosting the expansion of the combat management systems facility with a new building.
Empa Elektronik IPO approved with defence programme ties
Technology supplier to KAAN, HÜRJET and Altay programmes, Empa received approval for its IPO, highlighting its place in Türkiye’s defence supply chain.
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.
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.
Patria begins final assembly of F135 engines in Finland
Patria and Pratt & Whitney have launched final assembly for F135 engines, marking a key industrial milestone as Helsinki prepares to induct the F-35A.
ARES Shipyards Launches New Subsidiary in Saudi Arabia
ARES Shipyards announced the launch of its Saudi Arabia-based subsidiary, ARES Naval, to develop and build manned/unmanned naval platforms in the Gulf country.
Erdoğan’s Statement and WDS Signal a New Partner for KAAN
TUSAŞ displayed the KAAN fighter jet with Saudi livery at WDS, shortly after the Turkish President Erdoğan’s statement on cooperation with Saudi Arabia.
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
Otokar facing a TRY 2bn penalty in a Romanian 4x4 programme highlights how harsh contract clauses can deter bidders and risk delaying capability delivery.
