Market
Will Baykar increase production capacity at Piaggio Aerospace by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from Baykar or industry reports
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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Similar markets
Launch new UAV model • 25%
Expand into new markets • 25%
Develop new business jet • 25%
Other strategic move • 25%
Increase by less than 10% • 25%
Increase by 10-20% • 25%
Increase by more than 20% • 25%
No significant increase • 25%
Yes • 50%
No • 50%
Military aircraft • 25%
Other • 25%
Commercial aircraft • 25%
New drone model • 25%
Other • 25%
Access to advanced aircraft technology • 25%
Increased European market presence • 25%
Enhanced UCAV production capacity • 25%
Profit decrease • 25%
No significant change • 25%
Moderate profit increase • 25%
Significant profit increase • 25%