Baykar Acquires Piaggio Aerospace, Established in 1884, Following Italian Ministry of Enterprises Approval

Dec 27, 2024, 10:59 AM

Turkey's Baykar has acquired the Italian aerospace firm Piaggio Aerospace, following approval from Italy's Ministry of Enterprises and Made in Italy. The acquisition marks a significant step for Baykar, known as one of the world's largest drone manufacturers. The deal was confirmed by multiple sources, highlighting the strategic move to enhance Baykar's position in the aerospace sector. Piaggio Aerospace, established in 1884, has a long history in aviation, and this acquisition is expected to facilitate its relaunch under Baykar's ownership.