US EditionTurkish-Italian venture adds new force to Europe’s drone market
- Italian manufacturer Leonardo and Turkish company Baykar signed a Memorandum of Understanding to create a joint venture for developing unmanned aerial vehicle technologies, aiming to meet rising European market demand.
- The joint venture will combine Leonardo's expertise in mission systems with Baykar's drone technology to address the growing European drone market, which is projected to exceed $100 billion over the next decade.
- Leonardo CEO Roberto Cingolani anticipates that the Akinci drone will be the first aircraft developed by the joint venture, with prototyping set to begin in one year.
- The new partnership aims to enhance Europe's drone manufacturing capabilities and establishes a foothold for Baykar in the European market through joint manufacturing activities.
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16 Articles
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Coverage Details
Total News Sources16
Leaning Left3Leaning Right3Center3Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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