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.

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

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Baykar

invested in

Piaggio Aerospace

in 2024

in a Merger deal

Disclosed details

Revenue: $1,800M

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