Latest news with #technologytransfer
Yahoo
4 days ago
- Business
- Yahoo
Turkey, Indonesia sign multibillion-dollar warplane, frigate deals
ISTANBUL — Turkey has secured a landmark defense export agreement with Indonesia, signing contracts for 48 KAAN fighter aircraft and two İstif-class frigates – a sign of Ankara's growing defense industry footprint in Southeast Asia. On July 26, 2026, Turkey and Indonesia officially signed the commercial contract defining the technical annexes and implementation details of the government-to-government (G2G) procurement agreement for 48 KAAN fifth-generation fighter jets. The original G2G framework agreement had been signed on June 11, 2025. The agreement includes comprehensive cooperation in engineering, manufacturing, and technology transfer. A key component is the establishment of a local aerospace infrastructure in Indonesia, which will serve as a tangible reflection of the strategic depth of the partnership. Deliveries of the 48 aircraft will be carried out over a 10-year period under a phased schedule. The contract also covers long-term industrial collaboration, engineering support, and joint technology development, with Indonesian partners including PT Republik Aero Dirgantara and PT Dirgantara Indonesia. The signing ceremony was attended by Haluk Görgün, President of the Turkish Defense Industry Agency; Şefri Şemsuddin, Indonesian Minister of Defense; Mehmet Demiroğlu, CEO of Turkish Aerospace; Ömer Cihat Vardan, Chairman of Turkish Aerospace; and Air Marshal Yusuf Zuhari, Head of Indonesia's Defense Facilities Agency. KAAN conducted its maiden flight on Feb. 21, 2024, and is expected to enter serial production by 2028, with the first deliveries to the Turkish Air Force planned for 2029. Separately, during the IDEF 2025 defense exhibition here, defense officials from both countries finalized a deal for the supply of two MİLGEM-class, İstif-type frigates. This contract marks the first export of a MİLGEM-class warship to Indonesia. The first İstif-class frigate, TCG İstanbul, was commissioned into the Turkish Navy in January 2024, with serial production of additional ships underway and deliveries expected to continue through the late 2020s. This frigate deal is the third major naval cooperation project between the two countries. The first is the ongoing construction of two 70-meter missile-equipped, fast-attack craft (FAC) by Turkey's TAIS consortium at Sefine Shipyard. First steel was cut in October 2024, and the vessels will feature Havelsan's combat management system. The second is the integration of Turkish weapons and combat systems aboard Indonesia's future Merah Putih-class frigates. These ships, based on the Babcock Arrowhead 140 design, are equipped with Aselsan's radar and sonar systems, Havelsan's ADVENT combat management system and Roketsan's Atmaca anti-ship missiles. Solve the daily Crossword
Arab News
24-07-2025
- Automotive
- Arab News
Saudi Arabia inks Turkish defense deals to accelerate localization of land systems
JEDDAH: Saudi Arabian Military Industries has signed technology transfer-focused agreements with three leading Turkish defense firms to accelerate the localization of advanced land systems manufacturing in the Kingdom. The Public Investment Fund-owned group signed the deals with Nurol Makina, FNSS, and Aselsan under the patronage and presence of Khalid bin Hussein Al-Biyari, assistant minister of defense for executive affairs; Ahmed bin Abdulaziz Al-Ohali, governor of the General Authority for Military Industries; and Haluk Gorgun, president of Turkiye's Defense Industries Agency, according to a statement. Driven by Vision 2030 goals, the Kingdom is pursuing defense self-sufficiency to reduce reliance on imports. At the forefront of this transformation is SAMI, established in 2017, with a mandate to localize 50 percent of the country's defense spending by the end of the decade through strategic partnerships and joint ventures with leading global manufacturers. 'The agreements were signed by Mohammed bin Saud Al-Hodaib, executive vice president of SAMI Land. Each of the recently signed agreements varies in scope and purpose, with the ultimate goal of localizing SAMI Land's capabilities.' SAMI said. It added that the first agreement with Nurol Makina focuses on technology transfer and the manufacturing of military vehicles produced by the Turkish company, while the deal with FNSS Defense Systems outlines cooperation on technology transfer and the production of armored combat vehicles and weapon turrets. 'SAMI Land will also leverage its agreement with ASELSAN (Askeri Elektronik Sanayi), for technology transfer to localize the manufacturing of combat turret systems within Saudi Arabia,' the statement said. Technology transfer and manufacturing under these agreements will take place at the SAMI Land Industrial Complex, or SLIC, which is scheduled to begin operations in the fourth quarter of this year and will adhere to the highest international standards for land systems manufacturing. 'It will serve as a center of excellence for the manufacturing of 4x4, 6x6, and 8x8 armored vehicles, in addition to armed turrets.' SAMI said, adding that SLIC operates under Industry 4.0 standards, leveraging artificial intelligence, the Internet of Things, and robotics to carry out advanced unmanned operations managed by intelligent systems, thereby enhancing efficiency and quality without direct human intervention. The statement said that SAMI Land is committed to advancing the company's strategic objectives by supporting the localization of the Kingdom's defense industries through the development of advanced industrial capabilities and the delivery of high-quality products and services across the entire product lifecycle, meeting the needs of its clients. Al-Ohali inaugurated the Saudi pavilion at the International Defense Industry Fair, IDEF 2025, being held at the Istanbul Fair Center from July 22 to 27, as part of SAMI's expanding global presence. During the event, Al-Ohali met with Haluk Gorgun, where they discussed recent developments in the defense industry and explored ways to strengthen bilateral cooperation, reflecting the depth of strategic ties between the two countries and supporting the Kingdom's aspirations for more impactful partnerships in this vital sector. As part of GAMI's efforts to enhance localization, the Saudi pavilion at IDEF 2025 saw Al-Esnad Factory, a leading Saudi private facility specializing in military parts manufacturing, sign three memorandums of understanding with leading Turkish companies, including MDH Makel Group, AKSA Group, and Ayyazilim Co. 'These strategic partnerships reflect GAMI's efforts to enable the sector and transfer and localize technology,' the authority said in a post on X. Last July, SAMI signed MoUs with Turkish firms Baykar, Fergani Space, and Aselsan to localize capabilities in drones, aerospace, and advanced electronics, further strengthening bilateral defense cooperation and enhancing the Kingdom's industrial base.
Yahoo
24-07-2025
- Automotive
- Yahoo
Chery to support India's JSW to launch new EV brand by 2027
China's Chery Automobile has agreed to supply technology and components to JSW Group to facilitate the launch of a new-energy vehicle brand in India by 2027, reported Bloomberg, citing people familiar with the matter. Under the terms of the agreement, Chery is said to receive a one-time technology transfer payment fee and ongoing royalties from JSW, owned by Sajjan Jindal. The partnership does not include any equity arrangement, adhering to India's investment restrictions on Chinese firms in strategic sectors. This deal represents the first significant passenger vehicle technology transfer from China to India since the 2020 border conflicts, which led to heightened bilateral tensions and investment barriers. Chery and JSW have contested the details reported by Bloomberg News, stating that the agreement primarily concerns component supply. Chery's expertise in electric cars, hybrids, and automotive technologies like electric powertrains, hybrid systems, and intelligent cockpit technology is crucial for JSW's goal to localise and scale production swiftly. JSW is currently assessing several Chery models, especially the iCar sport utility range, to adapt for the Indian market. The new EV brand is said to be entirely owned by JSW and will operate separately from its current MG Motor India joint venture (JV) with China's SAIC Motor, which will continue to sell vehicles under the MG brand in India. The royalty payments from JSW will contribute to Chery's revenue and support its global expansion plans, which include a $1bn factory in Turkey. The JSW is also reportedly constructing facilities in Maharashtra state in India to produce its own brand of passenger EVs from 2027 and plans to introduce electric trucks and buses as early as next year. Furthermore, JSW aims to increase its stake in the MG Motor JV by purchasing additional SAIC's stake in the entity, as disclosed by JSW MG Motor India director Parth Jindal in a local Indian newspaper earlier this month. In May, Bloomberg News reported that Chery is also considering a Hong Kong initial public offering to raise around $1.5bn, citing those familiar with the matter. Earlier this month, Chery confirmed its entry into the UK new car market this summer under its own brand. "Chery to support India's JSW to launch new EV brand by 2027 – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
24-07-2025
- Automotive
- Bloomberg
China's Chery to Supply Tech to Help India's JSW Launch Own EVs
China's Chery Automobile Co. will supply technology and components to billionaire Sajjan Jindal's JSW Group to help launch a new-energy vehicle brand in India by 2027, according to people familiar with the matter. Under an agreement between the two companies, JSW will pay Chery a one-off technology transfer fee and recurring royalties, said the people, who asked not to be identified because the information is private. There is no equity arrangement, in line with India's restrictions on Chinese investment in strategic sectors.
Times of Oman
02-07-2025
- Automotive
- Times of Oman
Oman, Belarus sign 3 memoranda on understanding in technology transfer, transport sectors
Muscat: The Sultanate of Oman and the Republic of Belarus on Wednesday signed three memoranda of understanding (MoU) in Muscat to enhance cooperation on technology transfer in automotive and smart technology sectors. The first memorandum of understanding (MoU), signed by Karwa Motors and Belarusian company Amkodor, established a joint framework for industrial and commercial cooperation between the two sides, enabling them to expand into the markets of the Sultanate of Oman, the GCC states and African countries. The second MoU, signed by Karwa Motors and the Belarusian company MAZ, provides for cooperation between the two sides in the field of manufacturing and distributing transport vehicles, specialised vehicles and trailers. The MoU also includes studying joint marketing, establishing an integrated production line at Karwa Motors automobile plant in the Sultanate of Oman, transferring technical knowledge from the Belarusian side, offering specialized training programmes and providing technical support to enhance the efficiency of national cadres in this field. The two MoUs were signed by Dr. Ibrahim Ali Al Balushi, CEO of Karwa Motors, along with the Deputy General Manager for Marketing at Amkodor company and the Deputy Commercial Director of MAZ. The third MoU was signed by Oman National Engineering and Investment Company (ONEIC) and the Belarusian company Delivery Software "Delivio", deals with providing the latest digital solutions and advanced software to the Omani and regional markets. Key areas of cooperation, through the third MoU, include developing innovative solutions in the fields of ICT (information and communications technology), artificial intelligence (AI) applications, financial technology, and advanced technical services that support digital transition, automation and modernisation of corporate operations. The MoU was signed by Eng. Aziz Alhasani, General Manager of Information Technology and E-Business at ONEIC, Andrei Sudakov, CEO of Delivery Software. The signing ceremony was attended by Abdulsalam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), Dr. Abdullah Masoud Al Harthy, Honorary Consul of the Republic of Belarus to the Sultanate of Oman, among other officials from the two countries. The signing of the memoranda of understanding stems from the Omani-Belarusian Joint Committee's efforts to consolidate strategic partnerships between leading companies in the two countries, contribute to technology transfer and the development of national competencies and highlight the Sultanate of Oman's status as a regional hub for attracting quality investments projects.
