Turkey's Baykar, the manufacturer of Bayraktar TB2 unmanned combat aerial vehicles, is investing $100 million in three projects in Ukraine, among them the construction of a drone production plant that will be completed in one-and-a-half years, Ukrinform reports.
Haluk Bayraktar, CEO of Baykar, said this at the First International Defense Industries Forum in Kyiv, according to an Ukrinform correspondent.
"We have three main investments in Ukraine. One of them is a factory. Then we have a service center and also we have a headquarters office in here. […] This investment, which is around $100 million, has already started. The construction has already started. It will take about one-and-a-half years to finish it. We are targeting minimum 300 people to work here. And we have ongoing cooperation," Bayraktar said.
