Official announcements from Baykar or Piaggio Aerospace, industry reports

Baykar Acquires 140-Year-Old Piaggio Aerospace and P.1HH HammerHead UAV Following Ministry Approval

Dec 27, 2024, 11:01 AM

Baykar, a Turkish aerospace company, has acquired the historic Italian aviation firm Piaggio Aerospace, following approval from Italy's Ministry of Enterprises and Made in Italy. This acquisition marks a significant expansion for Baykar, which is recognized as the world's largest producer of unmanned combat aerial vehicles (UCAVs). Piaggio Aerospace, founded in 1884, is known for its production of business jets, military aircraft, and drones, including the P.1HH HammerHead UAV platform. The deal was confirmed by multiple sources, highlighting Baykar's successful bid against international competitors to secure this acquisition.