Categories: News

Italian Leonardo and Turkish Baykar will launch the joint production of drones

< Img src = "/uploads/blogs/09/d6/ib-fi-fif_ieif_4A499ea2.jpg" Alt = "Italian Leonardo and Turkish Baykar will launch joint production of drones"/> ~ < P > Italian Leonardo, the second largest defense company in Europe, and Turkish Baykar signed an agreement on partnership in the field of unmanned technologies.

< P > Companies have agreed to create a joint venture for the production of drones with headquarters in Italy. Production sites will work in both states.

< p > “We are convinced that technological cooperation is urgently needed to accelerate progress and guarantee global safety”, & ndash; said Leonardo CEO Roberto Doongolani.

< P > Baykar and Leonardo expect that the market for unmanned aerial vehicles in Europe will reach $ 100 billion over the next ten years.

< p > Partnership will allow Baykar to bypass European import restrictions on Turkish defense products and get direct access to the European market.

< p >< strong > leonardo & nbsp; (earlier FinMeccanica) & ndash; Italian machine -building holding. Its largest shareholder is the Ministry of Economy and Finance of Italy. Leonardo shares are rolling on the Milan Stock Exchange. The company has production facilities in Italy, the United Kingdom, Poland and the USA.

< P > in 2023 Leonardo registered new orders worth 17.9 billion euros with orders of 39.5 billion euros and consolidated revenue of 15.3 billion euros.

> < p >< strong > baykar & nbsp; & ndash; The leader of Turkish defense and aerospace exports. The company is known for its Bayraktar UAVs, which have become the most exported battle drones in the world. Recently she added to her model row heavy drones AKINCI.

Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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