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Katmerciler Makes a US$ 20.7 Million HIZIR Sale to African Country

The first batch of the HIZIR Armored Combat Vehicles (ACV), ordered from an African country last year, is on the way. As per the US$ 20.7 million agreement which is Katmerciler`s first export in this segment, all HIZIR vehicles will be delivered by the end of 2020.

Issue 100

The first batch of HIZIR ACVs was off to Africa. HIZIR ACVs were unveiled for the first time during the 2016 Hightech Port Fair and mass production was launched with an order from an African country last year. The first export agreement of $ 20.7 million was signed in July 2019. Within the scope of the agreement, deliveries will be completed by the end of this year. Following this sale, Katmerciler has accelerated its negotiations for other international sales and it forecasts around US$ 45 million in export revenue by the end of the year.

Making a statement after the transfer of the first batch of HIZIR, Katmerciler Vice President of the Executive Board Furkan KATMERCİ said, “With HIZIR, we have conducted our first Armored Combat Vehicle export. We would like to repeat the export success we have achieved with our civilian on-vehicle equipment for many years in the field of defense as well. We have opened a new door with HIZIR. We will continue this success with HIZIR and our other qualified vehicles that we have developed according to different requirements.”

Emphasizing that Katmerciler places great importance on overseas sales and has set a strategic target to obtain more than half of its total sales from exports, KATMERCİ said, “2020 will be one of the highest export years with US$ 40-45 million. With the support of our defense vehicles, we aim to maintain this export performance and increase its share in our total revenue.”