Turkish Armored Vehicle Maker Otokar Signs $1.47 Billion Export Deal

Turkish military vehicle manufacturer Otokar has signed an export agreement valued at $1.47 billion for armored vehicles, according to Anadolu Agency.

Under the terms of the deal, deliveries are scheduled to begin in 2027 and will be completed in batches over a three-year period, the company said. Further details about the buyer and the specific vehicle models involved were not disclosed in the announcement.

Otokar, a major player in Turkey's defense industry, produces a range of armored vehicles used by military and security forces, and has in recent years expanded its export footprint across multiple regions.

The agreement adds to a string of recent defense export contracts by Turkish manufacturers, as the country's defense industry continues to grow its share of the global arms trade.