Baykar Expands Its Reach by Acquiring Italy’s Piaggio Aerospace
The Italian Ministry of Enterprises and Made in Italy has officially approved the sale of Piaggio Aerospace, one of Italy’s oldest aviation companies, to Baykar, a leading Turkish manufacturer of unmanned aerial vehicles (UAVs). Baykar emerged as the top bidder in the competitive tender process, leaving behind multiple international competitors.

The Italian Ministry of Enterprises and Made in Italy has officially approved the sale of Piaggio Aerospace, one of Italy’s oldest aviation companies, to Baykar, a leading Turkish manufacturer of unmanned aerial vehicles (UAVs). Baykar emerged as the top bidder in the competitive tender process, leaving behind multiple international competitors.
A Legacy of Over 140 Years
Founded in 1884, Piaggio Aerospace is renowned for its production of the P.180 Avanti executive jets and aircraft engines. The company also plays a strategic role in Italy’s defense ecosystem by providing maintenance, repair, and overhaul (MRO) services. Its extensive 140-year history has made Piaggio Aerospace a significant contributor to Italy’s technological infrastructure. With this acquisition, the company is set to enter a new chapter under Baykar’s leadership.
Italian Government Ensures Strategic Revival
Addressing the transaction, Italian Minister Adolfo Urso emphasized the importance of revitalizing Piaggio Aerospace. He stated, “After six years of waiting, we are offering a future to Piaggio Aerospace. This company, a strategic asset for our country, will be revitalized with a long-term production perspective while preserving its corporate structure and workforce.” This assurance reflects the Italian government’s commitment to safeguarding the company’s heritage and industrial significance.
Baykar’s Vision for European Expansion
The acquisition marks a significant milestone for Baykar as it strengthens its foothold in the European aerospace market. By preserving Piaggio Aerospace’s historical legacy, Baykar aims to enhance the company’s production capacity and contribute to job creation in Italy. The Turkish company’s strategy focuses on balancing innovation with respect for the storied history of Piaggio Aerospace.
Statement from Turkish Minister Kacir
Mehmet Fatih Kacir, Turkey’s Minister of Industry and Technology, praised the acquisition in a statement shared on social media. He remarked, “The acquisition of Piaggio Aerospace, a 140-year-old Italian aviation company, by our national pride Baykar, is a testament to the success of Turkish aviation and Baykar’s position on the global stage. This partnership will also strengthen the bonds of friendship and economic relations between Turkey and Italy. Congratulations!”
A Major Player in Global UAV Markets
Baykar has established itself as a dominant force in the global UAV market. In 2023, the company achieved $1.8 billion in exports, making it one of the top 10 exporters across all sectors in Turkey. According to a report by the Center for a New American Security (CNAS), Turkey controls 65% of the global UAV export market, with Baykar alone holding a 60% market share. The company’s flagship models, the Bayraktar TB2 and Bayraktar AKINCI, have been exported to 35 countries, with export revenues constituting over 90% of Baykar’s total income.
A Strategic Alliance with Far-Reaching Implications
Baykar’s acquisition of Piaggio Aerospace is expected to not only enhance its production capabilities but also deepen economic and strategic ties between Turkey and Italy. While Baykar gains a foothold in the European aerospace market, Piaggio Aerospace benefits from a revitalized industrial vision. This deal underscores Baykar’s commitment to expanding its influence in international markets while preserving the rich legacy of the companies it integrates into its operations.
As the aviation industry closely watches this landmark acquisition, it represents a significant step forward for both companies and a symbol of collaboration between the Turkish and Italian economies.