Brief: Otokar Says Romania's Defence Firm Romtehnica Submits Two Compensation Claims Linked To A Contract For 4x4 Light Armoured Tactical Vehicles

Otokar Otomotiv ve Savunma Sanayi

16/01/2026 05:42

Jan 16 (Reuters) - Otokar Otomotiv ve Savunma Sanayi AS OTKAR.IS:

OTOKAR - ROMANIA’S DEFENCE COMPANY ROMTEHNICA SUBMITS TWO COMPENSATION CLAIMS LINKED TO A CONTRACT FOR SUPPLY AND LOCAL PRODUCTION OF 4X4 LIGHT ARMOURED TACTICAL VEHICLES

OTOKAR - ROMTEHNICA DEMANDS ABOUT 1.88 BILLION LIRA FOR WHAT IT ALLEGES WAS A FAILURE TO MEET INTERIM MILESTONES FOR LOCAL PRODUCTION PREPARATIONS IN ROMANIA

OTOKAR - FILES A LAWSUIT TO ANNUL CLAIM BUT WILL NEVERTHELESS MAKE PAYMENT DUE ON JAN. 16, WHILE RESERVING ALL LEGAL RIGHTS

OTOKAR - ROMTEHNICA HAS SOUGHT AROUND 72 MILLION LIRA OVER LATE DELIVERY OF 194 VEHICLES FROM FIRST BATCH MANUFACTURED AT OTOKAR’S FACILITIES IN TURKEY

OTOKAR - DELIVERY FOR THAT BATCH HAD BEEN COMPLETED AND IT PLANS TO PAY ADDITIONAL CLAIM WITHIN JANUARY, ALSO WHILE RESERVING ITS RIGHTS

OTOKAR - IT S ANTICIPATED THAT THE RELATED PAYMENTS SHALL BE EXPENSED BY OFFSETTING THE REVENUES FROM THE CONTRACT FOR 2025

THE ORIGINAL CONTRACT, AWARDED IN 2024, COVERS THE SUPPLY OF 1,059 VEHICLES, WITH THE FIRST 278 TO BE PRODUCED IN TURKEY AND THE REST IN ROMANIA

DELIVERIES ARE SCHEDULED TO BE COMPLETED WITHIN FIVE YEARS STARTING FROM THE LAST QUARTER OF 2025

Source text: ID:nIKA84vmZp

Further company coverage: OTKAR.IS

 (Gdansk Newsroom)

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