Calepin des entreprises international 2026 VA.pdf — page 37

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BAYKAR TECHNOLOGY
Business trends
	
 Baykar posted revenues of around $2.03 billion (€1.88 billion) in 2024, up 2.5% year-on-year in US dollars. 
Growth was driven by export sales, which grew 4% over the year to $1.83 billion (€1.69 billion) in 2024, 
representing 90% of total revenue. According to the group, drones were delivered to around ten countries 
during the year, including Albania, Poland, Romania, Kenya, Mali, Morocco, Azerbaijan, the United Arab 
Emirates, Maldives and Pakistan.
	
 The group is investing $96 million (€89 million) in the construction of a factory in Ukraine (near Kiev), which will 
employ around 500 people and will be dedicated to the production of Bayraktar TB2 and Bayraktar Akıncı 
UCAVs (around 120 units per year). In August 2025, this future factory was hit by Russian missiles, damaging 
it and delaying its entry into service.
	
 In June 2025, Baykar and Leonardo created a 50-50 joint venture specialising in the design, development, 
production and maintenance of aerial drones for the European market. Named LBA Systems, its headquarters 
will be based in Italy and production sites will be shared between the two countries. Leonardo will provide 
software, electronic systems and artificial intelligence solutions.
	
 In June 2025, Baykar also completed the acquisition of Piaggio Aerospace, an Italian civil and military aircraft 
manufacturer. The group is expected to retain most of Piaggio’s sites in Italy (six in total prior to the acquisition), 
particularly those involved in the production of the P.180 Avanti EVO business jet and engine maintenance. 
Baykar is also considering producing its Bayraktar TB2 and Bayraktar Akıncı UCAVs at Piaggio Aerospace’s 
sites, which could facilitate their sales on the European market.
Home market
	
 The group is one of Turkey’s leading UAV manufacturers, and several of its models are in service with the 
Turkish Armed Forces (Bayraktar Mini UAV, Bayraktar TB2 and Bayraktar Akıncı).
	
 Baykar is still flight testing its future Bayraktar Kalkan VTOL UAV, configured for reconnaissance and 
surveillance missions. During its 54th flight in January 2025, the drone was able to transmit information at a 
distance of over 100 km.
	
 In August 2025, the group began production of the Bayraktar Kızılelma carrier-based UCAV, which is expected 
to enter service in 2026.
Export markets
	
 In 2024, 90% of the group’s revenue came from exports. Baykar’s greatest success on foreign markets is the 
Bayraktar TB2, which has been acquired or ordered by 35 countries (mainly in Eastern Europe, Africa, the 
Middle East and Central Asia).
	
 In February 2025, Morocco received its first batch of Bayraktar Akıncı UCAVs, probably ordered in autumn 
2024. The country already operates the Bayraktar TB2 UCAV.
	
 The Bayraktar TB2 UCAV entered service in two additional countries in 2025: Kuwait in January and Croatia 
in August.
Technology and Innovation
	
 In March 2025, Baykar conducted a test firing of Roketsan’s UAV-122 supersonic missile using the Bayraktar 
TB3 UCAV on a target designated by laser from a Bayraktar TB2 UCAV, thus validating the coordination 
between the two aircraft for target designation and engagement.
	
 In June 2025, the group successfully conducted a destruction test of an aerial target using its Kemankes 1 
small cruise missile fired from a Bayraktar TB3 UCAV. The missile has a range of one hour and can strike a 
target located more than 100 km away, which will be recognised using an optronic guidance system based 
on artificial intelligence.
STRATEGIC HIGHLIGHTS