Italy approves Leonardo-Baykar drone venture
Italy’s government has approved a joint venture between Italian defense group Leonardo and Turkish drone maker Baykar to design, develop and produce unmanned aerial systems, according to Italian media reports.
The approval was granted under Italy’s Golden Power rules, which allow the government to review or impose conditions on investments in strategic sectors, including defense and national security.
La Repubblica reported that the cabinet gave the green light to the 50-50 venture between Leonardo and Baykar, subject to several conditions.
The conditions include protecting confidential information and technology used in the venture, the report said.
