Turkish Drone Maker Baykar Makina Gets Government Support 

Turkish Drone Maker Baykar Makina Gets Government Support 

(Bloomberg) -- Baykar Makina, the private Turkish drone maker with family ties to President Recep Tayyip Erdogan, will receive government support to expand output.

The company plans to invest 600 million liras ($106 million) to increase its production of unmanned aerial vehicles, according to a presidential decree published Thursday in the nation’s official gazette. The investment will double Bayraktar TB2 drone production to 92 units per year, while adding the capacity to manufacture 24 Akinci armed drones and 36 other combat drones, according to the decree.

Government support includes tax breaks but not purchase guarantees.

Baykar’s chief technology officer is Erdogan’s son-in-law Selcuk Bayraktar, who is described on the company’s website as the “chief architect of Turkey’s first indigenous, operational UAV systems.” Erdogan’s other son-in-law, Berat Albayrak, is the nation’s treasury and finance minister.

Turkish-made drones have ended the military’s dependence on UAVs leased from Israel and dramatically increased its capacity to track and attack autonomy-seeking Kurdish PKK militants within the country, as well as in Iraq and Syria.

Turkish drones are also being used in Libya, according to Tripoli government officials who spoke to Bloomberg on condition of anonymity. The drones rival Chinese and United Arab Emirates-operated drones supporting warlord Khalifa Haftar.

©2019 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES