Baykar

Exports of the Turkish defense and aerospace industry climbed to an all-time high of $7.1 billion in 2024, rising by 29 percent compared to the previous year, says Haluk Görgün, head of the Turkish Defense Industries Secretariat (SSB).

Aselsan, Türkiye's leading defense company, has inked a new deal with the Presidency of Defense Industries (SSB) regarding oil and natural gas pipeline security.

Deliveries under the agreement will be made through 2025-2028, the company said in a filing with the stock exchange.

The acquisition of Italian giant Piaggio Aerospace by the Turkish unmanned combat aerial vehicle producer Baykar marks a milestone for the Turkish aviation industry, according to experts.

Founded in 1884, Piaggio Aerospace is best known for producing P.180 Avanti business jets, and aircraft engines.

Italy last week approved the sale of the company to Baykar.

The Italian authorities announced that the bidder for the acquisition of the historic Piaggio Aviation is Turkish Baykar

Turkish drone maker Baykar has bought Italian aircraft producer Piaggio Aerospace, Italy's industry ministry has said, without disclosing financial details.

Piaggio Aerospace - unconnected to Vespa scooters maker Piaggio - had been under government-controlled special administration since filing for protection from creditors in 2018.

Italy has approved the sale of Piaggio Aerospace, the country's aviation giant, to the Turkish unmanned combat aerial vehicle (UCAV) producer Baykar.

Türkiye controls 65 percent of the global unmanned aerial vehicle (UAV) market, according to Selçuk Bayraktar, the chairman and chief technology officer of Turkish drone maker Baykar.

Speaking at the "Take Off Istanbul" event, he said Baykar's Bayraktar TB2, the world's most famous combat UAV, took off in 2014, and the Bayraktar AKINCI made its first flight in 2019.

ASELSAN, Baykar and TUSAŞ ranked among the world's top 100 arms-producing and military services companies in 2023, according to a report by the Stockholm International Peace Research Institute (SIPRI).

Türkiye's Bayraktar TB3 unmanned combat aerial vehicle before launch.

Türkiye's Bayraktar TB3 unmanned combat aerial vehicle (UCAV) achieved a milestone in aviation history by becoming the first drone to take off and land successfully on a short-deck ship.

The milestone was reached on Tuesday, as the TB3 operated from the short-runway carrier TCG Anadolu.

The SAHA Expo, Türkiye's flagship defense and aerospace event, witnessed the signing of agreements totaling $6.2 billion.

Some 1,478 companies, 178 foreign buying delegates and 312 officials, as well as 24 government ministers, participated in the event, organized by the Istanbul Defense and Aerospace Cluster Association (SAHA) last week.