Kazakhstan signs contract with Turkish Company Otokar to produce locally Cobra 4x4 armoured 1910124
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Defense News - Kazakhstan
|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.
The Otokar Cobra 4x4 armoured vehicle at KADEX 2012, defence exhibition in Kazakhstan.
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.