Turkish drone manufacturer Baykar received license permits from Turkey to establish the production of two types of drones in Ukraine — Bayraktar TB2 and Akıncı. CEO Haluk Bayraktar said this in an interview with the Turkish publication Akit.
“We have received relevant license permits from Turkey for the full production of Bayraktar TB2 and Akinci unmanned aerial vehicles in Ukraine,” he said.
According to the publication, the plant in Ukraine is expected to open in 2025. The amount of planned investments is $95.5 million.
Haluk Bayraktar added that most of the preparation is already being done. The plant is expected to be electrified in July.
The governments of Ukraine and Turkey, signing a framework agreement on cooperation in the aerospace industry in February 2022, facilitated the project.
The purpose of this agreement is to encourage direct investment. It provides special tax and customs benefits for Turkish investors in Ukraine’s aerospace sector until January 2035.