Breaking news
Kazakhstan signs contract with Turkish Company Otokar to produce locally Cobra 4x4 armoured 1910124.
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Defense News - Kazakhstan |
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Friday, October 19, 2012, 04:45 AM | |||
Kazakhstan signs a contract with Turkish Company Otokar to produce locally Cobra 4x4 armoured. | |||
Turkey’s
leading armored vehicles manufacturer, Otokar,
will launch a production line in Kazakhstan to produce the Cobra
4x4 light armoured vehicle, the company said in a statement.
A memorandum of understanding for the venture was signed Oct. 12 in Istanbul
during the Turkish-Kazakh Investment and Commerce Forum, the statement
said. The deal was witnessed by Turkish Prime Minister Recep Tayyip Erdogan
and Kazakhstan President Nursultan Nazarbayev. |
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This
is a follow-up deal to a contract Otokar
won in May to sell scores of vehicles to the Kazakh Army. Under the deal,
Otokar will launch a joint venture with Kazakhstan Engineering to produce
Otokar’s four-wheel-drive Cobra
armored vehicles. Otokar, based in Istanbul, is a privately owned Turkish company listed on the Istanbul Stock Exchange and has sold more than 25,000 armored vehicles to nearly 30 countries. This is the first time a Turkish defense company will produce abroad. Kazakhstan Engineering has been tasked with building the production facility for the Cobra vehicles while Otokar will transfer production know-how, deliver all parts and components for production, train Kazakh army officers, and supervise the production process. |
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