Baykar commits 5 billion Turkish Lira to support earthquake victims in Turkey, underscoring its role as a socially responsible leader in the defense industry.
Information on the Target
Baykar, a prominent player in the defense industry, has made substantial contributions to the welfare of earthquake-affected citizens in Turkey by committing a total of 5 billion Turkish Lira in aid. This financial support aims to address the immediate needs of those impacted by the devastating earthquakes on February 6, 2025. As part of the relief initiative, 1,012 permanent housing units are being constructed in the provinces of Adıyaman, Hatay, and Kahramanmaraş, with the keys being handed over to the rightful owners.
Industry Overview in Turkey
The defense industry in Turkey has witnessed significant growth and advancement in recent years, largely driven by domestic companies like Baykar. The sector is known for its innovation and development of unmanned aerial vehicles (UAVs), positioning Turkey as a key player in the global defense market. With increasing investments in research and development, Turkish companies are enhancing their capabilities and expanding their portfolios.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Furthermore, the rise in geopolitical tensions has escalated the demand for advanced defense technologies, promoting exports of military equipment. In 2024 alone, Baykar achieved an impressiv
Similar Deals
Baykar
invested in
Piaggio Aerospace
in 2024
in a Merger deal
Disclosed details
Revenue: $1,800M