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Turkey's SSM has decided to relaunch the tender process for the Modern Tank Production project, known as the Altay project, after it declined Otokar's proposal.

תוצאת תמונה עבור ‪altay tank‬‏

A statement posted by Otokar on the Public Disclosure Platform (KAP) noted that the SSM informed Otokar that the administrative, financial and technical aspects of the company's proposal were evaluated but an agreement on the terms of the contract, particularly regarding financial aspects, could not be reached.

Otokar said it will decide on the tender process after closely monitoring the statements issued by the SSM.

FNSS, a joint venture owned by Turkish Nurol Holding and UK-based BAE Systems, has also expressed its interests in the Altay project.

Altay is a third-generation version of the main battle tank and Turkey's first indigenous tank development program.


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