Otokar inches towards Romania deal in major boost for the company
The Cobra II is longer, wider and taller than the original Cobra. (Photo: Otokar)
The possible procurement of vehicles by Romania would build on the existing commercial presence which Otokar has in the country.
Otokar has entered contract negotiations with Romania for Cobra II 4x4 tactical wheeled light armoured vehicles in an expected development as Otokar was the only company remaining in the competition.
The company announced the move on the Turkish public procurement site (KAP). If the deal is completed it could be worth up to US$940 million and a provide a major boost for Otokar with the deal reportedly set to be for more than 1,000 vehicles, which would mark the company’s largest single vehicle order.
In March, Otokar announced it had submitted an offer to Romtehnica, a company of the Romanian Ministry of National Defence.
In
Access this article and other Decisive Edge Newsletter news content with a free basic account
Create account
You will also get one free Premium News article each week
Already have an account? Log in
More from Decisive Edge Newsletter
-
![China unveils new military kit and demonstrates technological prowess]()
China unveils new military kit and demonstrates technological prowess
From the J-35A twin-engine fighter and the CH-7 stealth surveillance platform, to the Smart-configuration Support UAV and JARI-USV-A unmanned surface vessel, China has been showcasing its ability to project military power through recent technological innovations.
-
![I/ITSEC 2024: Babcock Immersive Training Experience debuts in US]()
I/ITSEC 2024: Babcock Immersive Training Experience debuts in US
Named BITE, the system simulates the battlefield environment with multiple sensorial stimuli.
-
![What Saudi Arabia’s GCAP involvement could mean for the UK]()
What Saudi Arabia’s GCAP involvement could mean for the UK
Analysts have said that making space for the country in the sixth-gen fighter aircraft initiative could give the UK a chance to ease the financial burden of the aircraft’s development.
-
![Rheinmetall locks in $950 million purchase of US company to strengthen position]()
Rheinmetall locks in $950 million purchase of US company to strengthen position
Rheinmetall is working to open up the US market and the potential billions of dollars on offer. In order to get in the door it has purchased engineering company Loc Performance Products.
-
![I/ITSEC 2024: US Army and University of Southern California to develop portable ship simulator]()
I/ITSEC 2024: US Army and University of Southern California to develop portable ship simulator
The solution will enable training soldiers for multi-domain operations.
-
![Romania signs for 1,059 Otokar Cobra II vehicles]()
Romania signs for 1,059 Otokar Cobra II vehicles
The deal was signed after Otokar became the last bidder standing. The first 278 vehicles will be manufactured in Turkey and the rest built in Romania.
