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.
Investment News
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
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
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
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
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
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
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
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
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
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 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.
Turkiye and Italy Set up JV for Aircraft Maintenance
Turkiye and Italy form a JV for landing-gear maintenance, starting with ATAK helicopters and aiming to expand capacity for military and civilian aircraft.
ASELSAN Signs Large-Scale Contract with SSB for Air Defence
ASELSAN announced the contract worth €1.65 billion ($1.93 billion) with the Turkish Secretariat of Defence Industries (SSB) for air defence systems on KAP.
