Army Guide Monthly • Issue #5 (152)
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2019 Financial Results INTRODUCTION
2019 Financial Results INTRODUCTION Turkey’s the largest private and 100% domestically owned company in defense industry A global company, intellectual property rights belong to itself and its products are in use on 5 continents as well as in more than 60 countries Turkey’s leading supplier and exporter of land platforms For the 11th time, the market leader in the total segments in which it operates 1 1 VISION & MISSION Vision Otokar’s vision is to preserve the local and national identity of its products by developing technologies in-house, also to provide continued satisfaction for its clients, employees, and shareholders with total excellence philosophy. Mission Otokar’s primary mission is to design, manufacture and market commercial vehicles and various defense industry products with global competitive strength, all developed to meet customer expectations. 2 2 BRIEF HISTORY 1963 1970s 1980s 1990s 2000s 2010s . Establishment .Turkey’s first .Production of .Military armoured .Merge with the .Establishment of Otokar . Production of interciy bus 4x4 tactical vehicles by own İstanbul Fruehauf Europe (OESAS) buses under .The first Turkish vehicle under desing A.S. .Multi-wheeled armoured the license of Armoured the license of .Turkey’s first .Production of small tactical vehicle family Magirus-Deutz Vehicle Land Rover export of tactical and mid size buses .Production of City Buses production armoured vehicle .Production of .Turkey’s first electric bus Turkey’s first hybrid .Atlas Light Truck .Partnering with .Sakarya bus .Introduced new armoured Koç Group plant/factory .The prime contractor tactical wheeled vehicle, URAL of ALTAY Project .Tracked Armoured Vehicle TULPAR .POYRAZ midibus .Establishment of Otokar Land Systems (OLS) in U.A.E .Turkey’s first electric armoured vehicle, AKREP Iıe .Establishment of Otokar Central Asia Limited (OCAL) 3 OVERVIEW Koç Holding USD 340 MILLION 45% EXPORT REVENUES IN 2019 FOUNDED IN 1963 SHAREHOLDING Ünver Holding A.Ş. -
Defence Turkey an Interview with Mr.Leventissue Şenel 33/2012 on Turkish Land Platforms
1 DEFENCE TURKEY AN INTERVIEW WITH MR.LEVENTISSUE ŞENEL 33/2012 ON TURKISH LAND PLATFORMS TURKISH LAND FORCES: VOLUME 7 ISSUE 37 YEAR 2012 ISSN 1206 6000 A BRIGHT STAR IN PEACE AN OVERVIEW ON TURKISH LAND PLATFORMS FNSS INCREASE ITS POWER WITH JOINT PRODUCTION AN ARTICLE ON ARMOURED LAND VEHICLES AND TURKEY THE FIRST PROTOTYPES OF ALTAY TNMBT DEMONSTRATED THEIR MOBILITY RADAR AND ELECTRONIC WARFARE SOLUTIONS IN LAND PLATFORMS SPECIAL ISSUE LAND SYSTEMS DEFENCE TURKEY 2 ISSUE 33/2012 VOLUME: 7 ISSUE: 37 YEAR: 2012 ISSN 1206 6000 Publisher Company İmge Co. 6 Publisher & Editor in Chief Ayşe AKALIN [email protected] General Coordinator Cem AKALIN [email protected] Administrative Coordinator Yeşim BİLGİNOĞLU [email protected] Translation Tanyel AKMAN 14 [email protected] Graphics & Design Gülsemin BOLAT Görkem ELMAS [email protected] Advisory Board (R) Major General Fahir ALTAN (R) Navy Captain Zafer BETONER (R) Col. Fevzi BARUTÇU Prof Dr. Nafiz ALEMDAROĞLU Asst. Prof. Dr. Altan ÖZKİL Kaya YAZGAN 22 Philipp REUTER Ali KALIPÇI Nadir BIYIKOĞLU Zeynep KAREL İMGE Co. Mahatma Gandi Cad. No:33/7 06700 GOP-Ankara / Turkey DEFENCE TURKEY Administrative Office Mahatma Gandi Cad. No:33/7 06700 GOP-Ankara / Turkey Tel: +90 (312) 447 1320 [email protected] 24 www.defence-turkey.com Printing Görsel Grup Basım İstanbul Caddesi, İstanbul Çarşısı Kat:2 No:4864 İskitler / Ankara Tel: (0312) 428 88 53 www.gorselbasim.com.tr Basım Tarihi EKİM - KASIM 2012 Yayın Türü Süreli İMGE Co. 50 © All rights reserved. No part of publication may be reproduced by any means without written permission. -
Turkey to Mass Produce Altay Tank
MIDDLE EAST, NORTH AFRICA Turkey to Mass Produce Altay Tank OE Watch Commentary: On 9 November 2018 the Presidency “The contract for the mass production of (Turkish) of Defense Industries of Turkey (SSB in its Turkish acronym) signed a deal with Turkish defense contractor BMC to mass Altay tank was signed in a ceremony at the state produce 250 Altay main battle tanks. The Altay tank is believed to Defense Industries Presidency (SSB).” be an improved version of South Korea’s K2 Black Panther tank. The accompanying passage from the state-owned Anadolu Ajansı Source: Necati Keleş, “Altay tankının seri üretim sözleşmesi imzalandı provides information about the agreement for the production of (Contract signed for the mass production of Altay tank),” Anadolu Ajansı, 9 November 2018. https://www.aa.com.tr/tr/gunun-basliklari/ Altay tanks. altay-tankinin-seri-uretim-sozlesmesi-imzalandi/1306982 According to the passage, in the initial phase, 250 Altay tanks will be manufactured and the Turkish Land Forces Command will The contract for the mass production of Altay tank was signed in a ceremony at the state Defense Industries Presidency (SSB)… receive the delivery of the first tank within 18 months. The Turkish and Qatari joint venture BMC will manufacture the tank, with …The state Defense Industries President [Ismail] Demir, ... armored additional involvement of Turkish firms Roketsan, Aselsan, MKE vehicle maker BMC’s Chairman Ethem Sancak, Chairman of Aselsan Haluk Görgün, and General Manager of Roketsan Selçuk Yasar were and Havelsan. BMC’s CEO Ethem Sancak, during the signing present at the signing ceremony for the Altay [tank] mass production ceremony, stated that SSB and the Turkish armed forces requested contract. -
Crescent Moon Rising? Turkish Defence Industrial Capability Analysed
Volume 4 Number 2 April/May 2013 Crescent moon rising? Turkish defence industrial capability analysed SETTING TOOLS OF FIT FOR THE SCENE THE TRADE PURPOSE Urban combat training Squad support weapons Body armour technology www.landwarfareintl.com LWI_AprMay13_Cover.indd 1 26/04/2013 12:27:41 Wescam-Land Warfare Int-ad-April 2013_Layout 1 13-03-07 2:49 PM Page 1 IDENTIFY AND DOMINATE L-3’s MXTM- RSTA: A Highly Modular Reconnaissance, Surveillance and Target Acquisition Sighting System • Configurable as a Recce or independent vehicle sighting system • Incorporate electro-optical/infrared imaging and laser payloads that match your budget and mission portfolio • 4-axis stabilization allows for superior on-the-move imaging capability • Unrivaled ruggedization enables continuous performance under the harshest climates and terrain conditions MX-RSTA To learn more, visit www.wescam.com. WESCAM L-3com.com LWI_AprMay13_IFC.indd 2 26/04/2013 12:29:01 CONTENTS Front cover: The 8x8 Pars is one of a growing range of armoured vehicles developed in Turkey. (Image: FNSS/Lorna Francis) Editor Darren Lake. [email protected] Deputy Editor Tim Fish. [email protected] North America Editor Scott R Gourley. [email protected] Tel: +1 (707) 822 7204 European Editor Ian Kemp. [email protected] 3 EDITORIAL COMMENT Staff Reporters Beth Stevenson, Jonathan Tringham Export drive Defence Analyst Joyce de Thouars 4 NEWS Contributors • Draft RfP outlines US Army AMPV requirements Claire Apthorp, Gordon Arthur, Mike Bryant, Peter Donaldson, • Navistar delivers first Afghan armoured cabs Jim Dorschner, Christopher F Foss, • Canada solicits bids for integrated soldier system Helmoed Römer Heitman, Rod Rayward • KMW seals Qatar tank and artillery deal Production Manager • Dutch Cheetah air defence guns sold to Jordan David Hurst Sub-editor Adam Wakeling 7 HOME GROWN Commercial Manager Over the past three decades, Turkey has gradually Jackie Hall. -
Security & Defence European
a 7.90 D 14974 E D European & Security ES & Defence 1/2019 International Security and Defence Journal ISSN 1617-7983 • Armoured Vehicles www.euro-sd.com • UK Programmes • Armament Options • • US Army Armoured Systems • Armoured Ambulances • Tyre and Track Technology • Engineer Vehicles January 2019 • Crew Protection • Discreet Armour Politics · Armed Forces · Procurement · Technology The backbone of every strong troop. Mercedes-Benz Defence Vehicles. When your mission is clear. When there’s no road for miles around. And when you need to give all you’ve got, your equipment needs to be the best. At times like these, we’re right by your side. Mercedes-Benz Defence Vehicles: armoured, highly capable off-road and logistics vehicles with payloads ranging from 0.5 to 110 t. Mobilising safety and efficiency: www.mercedes-benz.com/defence-vehicles Editorial ARMOURED VEHICLES FOCUS Improved Protection for Vehicle-Borne Task Forces As always, most of us started the New Year with wishes for peace and happiness. However, in countless continued conflicts large and small, people are being killed, maimed or injured, landscapes and cultural treasures are being destroyed, defaced and damaged, and national assets and resources are being plundered and squandered. In land-based operations to defeat these threats and their accompanying realities, the focus falls on soldiers, security forces and first responders who – often at the risk of their own lives – protect people, enforce justice and guard assets on behalf of their governments. These are dangerous jobs, and there is a clear duty of care upon the employers for the health and well-being of their “human assets”. -
Anatolian Eagle 2019 Training Exercise Conducted
VOLUME 13 ISSUE 93 YEAR 2019 ISSN 1306 5998 AN EXCLUSIVE INTERVIEW WITH FNSS GENERAL MANAGER & CEO NAIL KURT TURKISH DEFENCE INDUSTRY’S LATEST INDIGENOUS SOLUTIONS MAKE THEIR DEBUT AT HONEYWELL TURKEY’S VALUABLE CONTRIBUTION TO THE TURKISH DEFENCE INDUSTRY ANATOLIAN EAGLE 2019 KURTARAN 2019 MILITARY EXERCISE TRAINING EXERCISE ISSUE 93/2019 1 DEFENCE TURKEY VOLUME: 13 ISSUE: 93 YEAR: 2019 ISSN 1306 5998 Publisher Hatice Ayşe EVERS 6 Publisher & Editor in Chief Ayşe EVERS [email protected] Managing Editor Cem AKALIN [email protected] Editor İbrahim SÜNNETÇİ [email protected] Administrative Coordinator Yeşim BİLGİNOĞLU YÖRÜK [email protected] International Relations Director Şebnem AKALIN [email protected] 16 Correspondent Saffet UYANIK [email protected] Translation Tanyel AKMAN [email protected] Editing Mona Melleberg YÜKSELTÜRK Robert EVERS Graphics & Design Gülsemin BOLAT Görkem ELMAS [email protected] Photographer Sinan Niyazi KUTSAL 38 Advisory Board (R) Major General Fahir ALTAN (R) Navy Captain Zafer BETONER Prof Dr. Nafiz ALEMDAROĞLU Cem KOÇ Asst. Prof. Dr. Altan ÖZKİL Kaya YAZGAN Ali KALIPÇI Zeynep KAREL DEFENCE TURKEY Administrative Office DT Medya LTD.STI Güneypark Kümeevleri (Sinpaş Altınoran) Kule 3 No:142 Çankaya Ankara / Turkey Tel: +90 (312) 447 1320 [email protected] www.defenceturkey.com 46 Printing Demir Ofis Kırtasiye Perpa Ticaret Merkezi B Blok Kat:8 No:936 Şişli / İstanbul Tel: +90 212 222 26 36 [email protected] www.demirofiskirtasiye.com Basım Tarihi Haziran - Temmuz 2019 Yayın Türü Süreli DT Medya LTD. ŞTİ. © All rights reserved. No part of publication may be reproduced by any means without written permission. -
Battle Tank Next Generation Main Battle Tank Upgrade Solutions
MAIN BATTLE TANK NEXT GENERATION MAIN BATTLE TANK UPGRADE SOLUTIONS www.aselsan.com.trwww.aselsan.com SST-MAIN BATTLE TANK/E001 / 04-2017 TANK/E001 BATTLE SST-MAIN MAIN BATTLE TANK Next Generation Main Battle System Characteristics 10%. Tank Upgrade Solutions • Improved Fire Power ± • Next Generation Fire Control System ASELSAN presents her state of the art “Next Generation MBT • Electrical Gun and Turret Drives Upgrade Solution”; for heavy MBTs including Leopard 2 and • Remote Weapon Station M60; which meets all mid life upgrade requirements while • Improved Survivability with bringing the combat performance of the MBTs beyond all of the • Laser Warning Receiver System existing MBTs. ASELSAN’s upgrade system solution is based • Situational Awareness System on the back-bone of the electronic infrastructure of the Turkish • Alert System National Main Battle Tank ALTAY. • Battlefield Management System • Driver’s Sight System With this upgrade solution, ASELSAN replaces all of the ele- • Fire Suppression System ctronic, electro-optic, electro-mechanical and electro-hydraulic • Improved Protection with systems of the MBTs with newly developed state of the art • Add-on Ballistic Protection Modules systems. This leads to increased performance and reduced • Add-on Mine Protection Modules Life Cycle Cost to incomparable levels with respect to any Main • Next Generation Digital Turret Solution Battle Tank has. • Maximum Performance with Minimum LRUs • Indigenous Multi-Functional Operational Scenarios Next Generation Main Battle Tank Upgrade Solution shall boost • Superior Day/Night Target Engagement Supported by the battle performance of the MBTs together with the enhan- Automatic Target cement of their defense capabilities against anti-tank missiles • Tracking of Multiple Targets and related terrorist activities. -
Otokar 2020 Annual Report Contents
OTOKAR 2020 ANNUAL REPORT CONTENTS 2 CHAIRMAN’S MESSAGE 4 ABOUT 6 OTOKAR IN NUMBERS 7 ComPetITIVE ADVantages 8 SUMMARY FINANCIAL INFORMATION 10 AREAS OF OPERATION 12 MILESTONES 14 HIGHLIGHTS OF 2020 18 GENERAL ASSEMBLY 38 COMMERCIAL VEHICLES 40 DEFENSE INDUSTRY 42 R&D ACTIVITIES 44 CreatIng Value for StakeholDers 48 DIGItal TransformatIon 50 SustaInabILIty 56 Human Resources 58 INVestor RelatIons 60 FUTURE 62 CORPORATE GOVERNANCE 82 FINANCIAL STATEMENTS 157 INFORMATION DOCUMENTS 163 CORPORATE GOVERNANCE COMPLIANCE REPORT 176 GLOSSARY AS WE EMBARK ON NEW JOURNEYS, INTRODUCE FIRSTS, MAKE OUR MARK IN EVERY STEP WE TAKE, KEEP INNOVATING, REACH EACH AND EVERY TARGET, BELIEVING THAT “WE CAN,” TRANSCEND BORDERS WITH OUR BRAND, TRAVEL THE ROADS OF THE WORLD MILE AFTER MILE, PROUDLY ACHIEVE MORE AND MORE FOR OURSELVES AND OUR COUNTRY, OUR GOAL REMAINS THE SAME, NO MATTER WHAT: WE ARE ALWAYS HEADED TOWARD THE FUTURE! OVERVIEW GENERAL ASSEMBLY OTOKAR IN 2020 CORPORATE GOVERNANCE FINANCIAL STATEMENTS INFORMATION DOCUMENT CORPORATE GOVERNANCE COMPLIANCE REPORT CHAIRMAN’S MESSAGE Esteemed Shareholders, Partners and Employees, We left behind a very difficult year that challenged the entire world. We deeply felt impact of pandemic on our fields of operation. From the early days of the pandemic, we took all necessary measures to protect the health of our employees as a priority, ensure business continuity, mitigate the impact and prevent infection. With safe production practices and several measures in place, our operations continued in the healthiest manner. During these trying times, our biggest strength and most valuable asset was our employees as always. I am thankful too all our colleagues for their selfless efforts in ensuring that our company delivered successful results in 2020 despite the pandemic. -
2019 9-Month Financial Results INTRODUCTION
2019 9-Month Financial Results INTRODUCTION Turkey’s the largest private and 100% domestically owned company in defense industry A global company, intellectual property rights belong to itself and its products are in use on 5 continents as well as in more than 60 countries Turkish Armed Forces’ leading supplier and exporter of land platforms Turkey’s market leader in passenger bus segment with a capacity of 25 people and over for the last 10 years 1 1 VISION & MISSION Vision Otokar’s vision is to preserve the local and national identity of its products by developing technologies in-house, also to provide continued satisfaction for its clients, employees, and shareholders with total excellence philosophy. Mission Otokar’s primary mission is to design, manufacture and market commercial vehicles and various defense industry products with global competitive strength, all developed to meet customer expectations. 2 2 BRIEF HISTORY 1963 1970s 1980s 1990s 2000s 2010s . Establishment .Turkey’s first .Production of .Military armoured .Merge with the .Establishment of Otokar . Production of interciy bus 4x4 tactical vehicles by own İstanbul Fruehauf Europe (OESAS) buses under .The first Turkish vehicle under desing A.S. .Multi-wheeled armoured the license of Armoured the license of .Turkey’s first .Production of small tactical vehicle family Magirus-Deutz Vehicle Land Rover export of tactical and mid size buses .Production of City Buses production armoured vehicle .Production of .Turkey’s first electric bus Turkey’s first hybrid .Atlas Light Truck .Partnering with .Sakarya bus .Introduced new armoured Koç Group plant/factory .The prime contractor tactical wheeled vehicle, URAL of ALTAY Project .Tracked Armoured Vehicle TULPAR .POYRAZ midibus .Establishment of Otokar Land Systems (OLS) in U.A.E .Turkey’s first electric armoured vehicle, AKREP IIe 3 OVERVIEW Koç Holding USD 268 MILLION 45% EXPORT REVENUES IN 2019 9M FOUNDED IN 1963 SHAREHOLDING Ünver Holding A.Ş. -
Origin Notes Afghanistan T-55 600 Soviet Union T-62 170 Soviet Union
A Quantity Country Type Origin Notes (Estimated) Afghanistan Soviet T-55 600 Union Soviet T-62 170 Union Algeria Soviet T-55 400 Union Soviet T-62 300 Union Soviet T-72 540 Union [1] T-90 180 Russia A strictly ceremonial force in maintained, however, a police force ensures Andorra that law and order are kept. France and Spain are responsible for defense. Angola Soviet T-55 200 Union Soviet T-62 50 Union Soviet T-72 50 Union Argentina Germany/ TAM 330 Medium tank Argentina Armenia Soviet T-55 180 Union Soviet T-72 210 Union Australia M1A1 United AIM 59 States Abrams Austria Leopard 114 Germany 2A4 Azerbaijan T-90 200 Russia Soviet T-72 636 Union B Quantity Country Type Origin Notes (Estimated) Bahrain United M60A3 180 States 1 Bangladesh Type 59 Tank currently going [2] Type 59 36 China through an upgrade programme to Type 59G Type 62 86 China Only 42 remains in service Type 185-Type-69II Mk.2G and 65 250 China 69/79 Type-69II tanks MBT 44 China 44 tanks added in 2012 2000 Belarus Soviet T-54 29 In storage. Union Mostly kept in storage. Soviet T-72B 1,465 Approximately +250 still in regular Union service. Soviet T-80 92 In storage. Union Belgium MBTs retired in favour of Piranha IIIs Bosnia and Soviet M-55 S 150 Herzegovina Union United M60A3 65 States AMX-30 55 France M-84 14 Yugoslavia [3] Brazil Two operational tanks with the EE-T1 2 Brazil Centro de Instrução de Blindados Osório of the Brazilian Army[4] M60A3 United 91 TTS States Leopard 127 Germany 1A1 Leopard 221 Germany 1A5 Bulgaria Soviet T-72 160 Union C Quantity Country Type Origin Notes (Estimated) Cambodia Soviet T-55 103 Union Type 59 200 China Canada Leopard C2 66 Germany 1A5 equivalent 2 20 2A6M leased from Germany, Leopard 40 Germany 20 2A4M upgraded from Leopard 2A6M/2A4M 2A4 stocks.[5] Leopard 80 Germany 2A4 with L55 gun[5] 2A4+ 15 Purchased from Germany as Leopard parts stock[6] 12 purchased from 27 Germany 2A4 Switzerland for use as Armored engineering vehicles's (AEV). -
REGIONAL MAIN BATTLE TANK PROGRAMMES Gordon Arthur / Hong Kong
MBTs “TANKED UP” – REGIONAL MAIN BATTLE TANK PROGRAMMES Gordon Arthur / Hong Kong p until recently there were some III proved totally inadequate when dealing with time. In terms of MBT production, the Chinese commentators, and even some thick mud walls in Afghanistan, plus the MBT ZTZ99 and ZTZ96, Indian T-90S and Pakistani militaries, who predicted the offers better mobility than wheeled vehicles in Al-Khalid are dominating international markets, days of the main battle tank soft terrain and when negotiating watercourses. calculated to account for 60.38% of all new (MBT) were numbered. A classic Furthermore, the heavier armour of the Leopard production through till 2017. example is Canada, which decided to retire offers better protection against improvised Uits tank fleet and instead rely on LAV III 8x8 explosive devices (IED), the insurgent weapon of EAST ASIA armoured vehicles. A Mobile Gun System (MGS) choice. Technologically advanced Japan has forged its variant armed with a 105mm gun was to take on The fact that several countries (Canada, own path in MBT production. In service are the the ‘quasi-tank’ role. However, counterinsurgency Denmark and USA) have deployed MBTs Type 74 and Type 90, products of a bygone Cold operations in Afghanistan caused a swift about- to Afghanistan – a country with notoriously War era. Japan inducted 341 Type 90 MBTs, face, with Canada despatching Leopard C2 tanks challenging tank terrain – shows these are still but one disadvantage is its strategic mobility/ to the land-locked country in October 2006. viable military weapon systems. Asia’s love affair transportability in the small and crowded country. -
The Global Armored Vehicles and MRO Market 2015–2025
The Global Armored Vehicles and MRO Market 2015–2025 Reference Code: DF0062SR Published: March 2015 Report Price: US$ 4,800 (Single Copy) Ss The Global Body Armor and Personal Protection Market 2013–2023 The Global Armored Vehicles and MRO Market 2015–2025 Single Copy Price: $4,800 Summary “The Global Military Armored Vehicles and MRO Market 2015–2025” report offers the reader detailed analysis of the global military armored vehicles market over the next ten years, alongside potential market opportunities to enter the industry, using detailed market size forecasts. The global military armored vehicle and MRO market is estimated to value US$XX billion in 2015. The market consists of six categories of armored vehicles: Main Battle Tanks (MBT), Armored Personnel Carrier (APC), Infantry Fighting Vehicles (IFV), Light Multirole Vehicles (LMV), Mine Resistant Ambush Protected (MRAP) vehicles and Tactical Trucks. The value of the global military armored vehicles and MRO market is expected to increase at a CAGR of XX% during the forecast period, to reach US$XX billion by 2025. “The Global Armored Vehicles and MRO Market 2015–2025” provides detailed analysis of the current industry size and growth expectations from 2015 to 2025, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas. Key Findings The global military armored vehicles and MRO market is expected to be worth US$XX billion in 2015 and is expected increase to US$XX billion by 2025, representing a CAGR of XX% during the forecast period.