Brief: Otokar Says It Signs Export Contract Worth USD 1.47 Billion For Armored Vehicles
01/10/2026 07:32
BRIEF-Otokar Says It Signs Export Contract Worth USD 1.47 Billion For Armored Vehicles Oct 1 (Reuters) - Otokar Otomotiv ve Savunma Sanayi A.S. OTKAR.IS:
OTOKAR - SIGNS EXPORT CONTRACT WORTH USD 1.47 BILLION FOR ARMORED VEHICLES
OTOKAR - DELIVERIES TO START IN 2027, COMPLETED IN 3 YEARS; CONTRACT VALID FOR 7 YEARS
OTOKAR - CONTRACT WILL BE EFFECTIVE AFTER NECESSARY OFFICIAL APPROVALS ARE RECEIVED, LETTER OF GUARANTEE TRANSACTIONS ARE COMPLETED AND ADVANCE PAYMENT IS RECEIVED
OTOKAR - TO SECURE CONTRACTUAL OBLIGATIONS AND ADVANCE PAYMENT TO BE OBTAINED, BANK LETTERS OF GUARANTEE TOTALING USD 441.6 MILLION WILL BE PROVIDED TO CUSTOMER
Source text: ID:nIKAb8XWFC
Further company coverage: OTKAR.IS
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