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.
KAP News
Land
Investment
Communication
ASELSAN Signs $845M Secure Communications, Space Deal
ASELSAN will deliver public safety communications, satellite and space systems from 2026 under $845 million deals with the Secretariat of Defence Industries.
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.
Investment
Altınay raises authorised capital ceiling to TL 5bn
Altınay increases its capital ceiling fivefold to TL 5bn following a board decision aimed at supporting future investments in defence and aerospace programmes.
Weapon / Missile
Investment
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.
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.
Investment
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.
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.
E/W
Land
Modernisation
ASELSAN secures $410m EW export to NATO ally customer
ASELSAN exported its EW capacity to a NATO country. ASELSAN announced at KAP that it signed a $410 million contract with a NATO member for EW systems sale.
Air
ASELSAN and TUSAŞ Sign New USD 101M Avionics Agreement
ASELSAN announced at the Public Disclosure Platform (KAP) that the company entered a USD 101.76 million avionics agreement with Turkish Aerospace (TUSAŞ).
Country
ASELSAN Signs €1.12 Billion Deal for Air Defence Systems
The Secretariat of Defence Industries (SSB) awarded ASELSAN €1.12 billion worth of new air defence contract which will be delivered between 2027 and 2030.
Weapon / Missile
Investment
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.
Sensors
ASELSAN Secures $54m Radar and C2 Systems Export Deal
ASELSAN has signed a $54m contract with a Middle East and Africa customer for direct sales of radar and command and control systems, boosting global reach.
Communication
ASELSAN signs an Agreement with SSB on Communication Systems
ASELSAN signed an agreement with SSB with a value of USD 71.886.091 regarding the procurement of New Generation Network Based Military Communication Systems.
Investment
ASELSAN and BMC sign a new Deal valued at USD 55.664.000
ASELSAN and BMC Defence signed a new agreement with a total value of USD 55.664.000 for the payloads of land vehicles. The agreement is announced at KAP.
