Turkey's Otokar signs $25 mln deal to deliver wheeled military vehicles

Under the deal, Otokar will provide its 4x4 tactical wheeled armoured vehicles, as well as spare parts and training services, the company said in a filing with Borsa Istanbul's public disclosure platform KAP on Wednesday.

Deliveries are expected to start in 2020 and to be completed within six months.

Otokar, part of Turkey's largest industrial conglomerate Koc Holding A.S., was established in 1963. The company manufactures buses, lightweight trucks and armoured vehicles for the defence sector. 

($ = 0.8473 euro)