Baykar

Baykar, the Turkish defense contractor run by the son-in-law of President Recep Tayyip Erdogan, Selcuk Bayraktar, has referred to Ankara's controversial expansionist doctrine in a press release hailing a firing test at sea with its newly developed "Bayraktar Akinci" unarmed combat aerial vehicle, saying it "showcased its impact in the Blue Homeland."

Some 39 Turkish defense companies are attending the Doha International Maritime Defense Exhibition and Conference (DIMDEX) this year, the Presidency of Defense Industries (SSB) has said.

Akıncı, the armed unmanned aerial vehicle developed by Turkish defense company Baykar, has achieved a precise hit on a target at sea from a distance of 100 kilometers in a test launch using the domestically developed Çakır cruise missile.

Turkish defense companies signed agreements worth a total of $10.2 billion abroad last year, Haluk Görgün, the head of the Defense Industry Agency (SSB) has said.

The Turkish defense industry has exported 230 products to 185 countries over the past 10 years, Görgün told a conference organized at the southern province of Antalya.

Turkish company Baykar has started building a drone factory near the Ukrainian capital of Kiev, says its CEO Haluk Bayraktar.

Baykar's TB2 or TB3 drone models will be produced at the plant, which will create jobs for 500 people, Bayraktar said, speaking at the World World Defense Show in Saudi Arabia's Riyadh.

Turkish defense company Baykar has started building a factory near Kyiv that will employ around 500 people and where it will manufacture either its TB2 or TB3 drone models, the company's chief executive told Reuters.

The Turkish defense and aerospace industry's exports climbed to an all-time high of $5.55 billion last year.

The industry's export revenues increased by 27 percent in 2023 from 2022, capturing a 2.3 percent share in Türkiye's total exports last year.

In 2023, the country's exports hit a record $255.8 billion, rising from $254.2 billion in 2022.

With a combined arms revenue of $5.5 billion, four Turkish companies, namely Aselsan, Baykar, Turkish Aerospace Industries and Roketsan, have made it to the Stockholm International Peace Research Institute's (SIPRI) Top 100 list for 2022 — two more than in 2021.

Baykar (ranked 76th) and Roketsan (ranked 100th) entered the Top 100 for the first time.

Trade Minister Ömer Bolat discussed bilateral trade with his Saudi counterpart, Majid bin Abdullah Al Qasabi., in Jaipur, India, on the sidelines of a meeting of trade ministers of G20 nations, according to a statement from the Turkish Trade Ministry.

Qatar Postal Service (Qatar Post) has acquired a 40 percent stake in the Turkish e-commerce platform Turkish Souq.

The deal came after President Recep Erdoğan's visit to Qatar last month, part of his three-nation Gulf tour, which also included Saudi Arabia and the United Arab Emirates.