Home Business News Turkish defence firm invests $100 million to build drone factory in Ukraine

Turkish defence firm invests $100 million to build drone factory in Ukraine

by Mark Channer War Correspondent
30th Sep 23 1:32 pm

Turkish defence company Baykar have invested $100 million to build a factory in Ukraine for the development of drones.

The construction of the plant is already underway and the factory will employ 300 people and will take around a year and a half to complete.

Baykar build the TB2 unmanned combat aerial vehicles and the CEO Haluk Bayraktar made the announcement at the First International Defense Industries Forum in Kyiv

Bayraktar said, “We have three main investments in Ukraine. One of them is a factory. Then we have a service center and also we have a headquarters office in here. […]

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“This investment, which is around $100 million, has already started. The construction has already started.

“It will take about one-and-a-half years to finish it. We are targeting minimum 300 people to work here. And we have ongoing cooperation.”

Bayraktar said that the production will be self-sufficient as Ukraine has unique technologies for the production of engines for the drones.

Bayraktar said, “We also have some challenges.

“The supply chain, sourcing and development of the human capital because of the effects of the war, and regulatory environment especially the regulations that will support these investments.”

The CEO of Baykar said that the war in Ukraine has become a high-tech war of unmmaned aerial vehicles which has it’s advantages.

“We are not here to maximize our revenues or profits. We are here to maximize our support for you. We respect your fight for your freedom and independence, to keep your sovereignty,” Bayraktar said.

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