Baykar completed the acquisition of Piaggio Aerospace.

Baykar, a private Turkish defence company specialising in UAVs, C4I and artificial intelligence, completed the acquisition of Piaggio Aerospace, a multinational aerospace manufacturing company. Financial terms were not disclosed. "Our goal is to revitalize Piaggio Aerospace with a bold industrial vision that builds on its legacy while unlocking its full potential for the future. We deeply respect the talented and hardworking people who have kept this company going through challenging times, and we are committed to working with them to create new opportunities, drive innovation, and ensure a prosperous future," Haluk Bayraktar, Baykar CEO.