Italian defence-and-aerospace giant
Leonardo and Turkey's Baykar Technologies on Thursday signed a
memorandum of understanding to set up a joint venture to produce
unmanned aerial vehicles.
The joint venture, based in Italy, will focus on the European
market amid efforts to boost investments in defence in Europe.
The companies said in a note that they estimated the European
market for UAVs would be worth some 100 billion dollars over the
next 10 years.
"Baykar will combine ethical AI-driven technologies together
with Leonardo's immense capability in the AI technologies to
develop next-generation solutions that will define the future of
unmanned aerial systems. Together, this synergy will bring
ultimate AI-driven air supremacy for the future", said the
statement.
The Leonardo sites involved in the activities developed by the
joint venture will include Ronchi dei Legionari in Friuli,
Turin, Rome Tiburtina and Nerviano in Lombardy, the company
said.
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