ISTANBUL, Feb 29 (Reuters) - Turkish commercial vehicle maker Karsan said on Friday it had signed a deal with France's Peugeot Citroen to produce 150,000 vehicles over five years. It said in a statement to the Istanbul Stock Exchange it expected the project to bring in revenues of 1.2 billion euros ($1.81 billion) over the course of the project. (Reporting by Daren Butler)