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, “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.”
“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.