Skip to content
Edit post

Turkish drone manufacturer Baykar has begun construction of factory near Kyiv

by Nate Ostiller and The Kyiv Independent news desk February 7, 2024 9:51 AM 2 min read
A Bayraktar TB2 at an industry fair in Istanbul, Turkey, on Oct. 26, 2022. (Serhat Cagdas/Anadolu Agency via Getty Images)
This audio is created with AI assistance

The Turkish defense company Baykar, perhaps best known for its Bayraktar drone that was widely used by Ukrainian forces to destroy Russian military equipment at the beginning of the full-scale invasion in 2022, has begun constructing a factory near Kyiv, its CEO told Reuters on Feb. 6.

Baykar received licenses to manufacture combat drones in Ukraine in June 2023. According to the company's CEO, Haluk Bayraktar, the production of drones is set to begin in 2025, and the total investment into the project would amount to around $95 million.

Kyiv and Ankara signed the deal to open a Baykar factory in Ukraine in February 2022, before Russia's full-scale invasion. Ukraine's parliament ratified the agreement in December 2022.

Bayraktar told Reuters at the sidelines of the World Defense Show in Riyadh, Saudi Arabia, that the factory is already being built and will need one year to complete construction.

Further logistical and organizational steps will need to follow the completion before the factory is fully operational, Bayraktar said.

The plant aims to employ around 500 people, he said.

The factory's planned output is around 120 units per year, but it is unclear exactly which drone model will be produced.

When asked if security concerns had caused any hesitation, Bayraktar said the plans were were "fully moving ahead" and that "nothing" would stop them.  

Everyone talks about investing in Ukraine, but few are doing it
Despite its economy steadily improving from the first months of the full-scale invasion, very little foreign capital is currently trickling down to Ukraine’s private and public sectors. Money from international financial institutions has helped stabilize the economy, bolstering forecasts of 3.2% gr…

News Feed

11:17 PM

Zelensky meets with CIA director in Kyiv.

President Volodymyr Zelensky said on Dec. 21 that he met with CIA Director William Burns in Ukraine, marking a rare public acknowledgment of their discussions during Russia’s full-scale invasion.
4:16 AM

IMF approves $1.1 billion in funding for Ukraine.

The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.