Baykar invests $100 million in Ukraine
September 30, 2023, 12:20
Baykar CEO noted Ukraine's support
Baykar has three main investments in Ukraine. One of them is a drone production plant, the construction of which will be completed in 1.5 years.
The Turkish company Baykar, which produces Bayraktar TB2 combat drones, is investing $100 million in three projects in Ukraine. This was stated by Baykar CEO Haluk Bayraktar at the Defense Industries Forum in Kyiv, Ukrinform reports.
According to him, the construction of the drone production plant will be completed in 1.5 years.
"We have three main investments in Ukraine. One of them is a plant. Then we have a service center, as well as a head office here... This is an investment that amounts to about $100 million, and the process has already begun. Construction has already begun. It will be completed it will take about 1.5 years. We plan to have at least 300 people working here. Cooperation continues," Bayraktar said.
He noted that production will be self-sufficient, environmentally friendly and mutually beneficial, since Ukraine has unique technologies for the production of engines, and the Turkish side has drones on which these engines are installed.
“We also face some challenges. These are the supply chain, the search and development of human capital through the impact of war and the regulatory environment, especially those rules that will support these investments,” said the head of the Turkish company.
He added that the current war has become a war of unmanned aerial vehicles, and Ukraine has some advantage in it, in particular due to the use of different types of devices, although this is difficult to implement. Feedback in the use of technology from the military is especially important under such conditions. That is why the “bayractors” used in Ukraine were equipped with a number of unique systems.
The CEO of Baykar noted the support of Ukraine. According to him, all donations from both the Baykar company and Ukraine and Poland were used, in particular, for the purchase of radar systems. The total volume of these donations amounted to $106 million.