Deals
Drone Maker Baykar Gets Nod to Buy Italy’s Piaggio Aerospace
A full-scale mockup of the Piaggio Aerospace's P.1 HH Hammerhead unmanned aerial system at the International Paris Airshow.
Photographer: Eric Piermont/AFP/Getty ImagesThis article is for subscribers only.
Turkey’s Baykar Makina Sanayi ve Ticaret Anonim Sirketi got a green light from Italian authorities to buy aviation and defense company Piaggio Aerospace.
The Industry Ministry authorized the sale to unmanned aerial vehicles specialist Baykar, according to a statement, which didn’t include financial terms. Three binding offers were received.