Otokar Automotive and Defense Industries Inc. signed an export contract worth approximately $1.47 billion for the supply of various types of wheeled armored vehicles and logistics support.
Otokar signed an export contract worth 1 billion 472 million 80 thousand 360 dollars, covering various types of wheeled armored vehicles and logistics support services.
AI-generated summary
Otokar Automotive and Defense Industry Inc. made a statement to KAP regarding the supply of military vehicles.
Otokar Automotive and Defense Industry Inc. made a statement to the Public Disclosure Platform (KAP) regarding the signing of a new export contract for the supply of military vehicles.
In the statement, it was stated that the company signed an export contract worth 1 billion 472 million 80 thousand 360 dollars, covering the supply of various types of wheeled armored vehicles and the integrated logistics support services of these vehicles.
In the statement, it was stated that the contract will come into force following the completion of the letter of guarantee transactions and the advance payment after obtaining the necessary official approvals, and it was informed that letters of guarantee with a total amount of 441 million 624 thousand 108 dollars will be provided to the customer as guarantee of the company's obligations under the contract and the advance to be collected.
In the statement, it was noted that the relevant vehicle deliveries are planned to be completed in batches within 3 years, starting from 2027, and that the contract will remain in force for 7 years.
AI outlook — possibilities, not facts
Vehicle deliveries will begin in batches starting from 2027.
Very likely · Within months

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