Market
What strategic partnership will Baykar form in Europe by end of 2025?
3
Resolution / Starting Odds
Partnership with another European aerospace company • 25%
Partnership with a non-European aerospace company • 25%
No new partnerships • 25%
Partnership with a defense contractor • 25%
Partnership announcements and press releases
Story
Baykar Acquires Italy's 140-Year-Old Piaggio Aerospace, Maker of 'Ferrari of the Skies'
Dec 27, 2024, 11:22 AM
Baykar, a Turkish drone manufacturer and the world's largest UCAV producer, has acquired Italy's historic aviation company Piaggio Aerospace after outbidding international rivals. The acquisition was approved by Italy's Ministry of Enterprises and Made in Italy. Piaggio Aerospace, founded in 1884 and known for its P.180 Avanti business jets—dubbed the 'Ferrari of the skies'—also produces aircraft engines and the P.1HH HammerHead UAV, and provides maintenance, repair, and overhaul services. The company plays a strategic role in Italy's defense industry. Baykar's General Manager Haluk Bayraktar expressed pride in integrating the 140-year-old company, aiming to strengthen production capacity, preserve Piaggio's historical identity, and carry the historic brand into the future. This move signifies Baykar's expansion into the European aviation market.
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A defense technology firm • 25%
A drone technology startup • 25%
Another aerospace company • 25%
No major acquisition • 25%
Yes • 50%
No • 50%
Other strategic move • 25%
Launch new UAV model • 25%
Expand into new markets • 25%
Develop new business jet • 25%
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Other • 25%
United Kingdom • 25%
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Military aircraft • 25%
Other • 25%
New drone model • 25%
Commercial aircraft • 25%
Germany • 25%
Other • 25%
France • 25%
Italy • 25%
Middle Eastern market • 25%
Global market • 25%
European market • 25%
Asian market • 25%
Top 3 • 25%
Below Top 3 • 25%
Top 2 • 25%
Top 1 • 25%
No • 50%
Yes • 50%