Turkish drone manufacturer Baykar has acquired Italian aircraft manufacturer Piaggio Aerospace, as announced by Italy’s industry ministry on Friday, although financial terms were not disclosed. Piaggio Aerospace, which is not affiliated with the Vespa scooter manufacturer Piaggio, had been under government-controlled special administration since it sought creditor protection in 2018. According to the ministry’s statement, Baykar’s proposal was selected over two other final and binding … Continue reading Turkish drone maker Baykar buys Italy’s Piaggio Aerospace