With a history of 140 years, Piaggio Aerospace is one of Italy's oldest aerospace companies, and is renowned for its distinctive and highly successful aircraft, P.180 Avanti, in the executive aviation market. Piaggio Aerospace engages in aircraft manufacturing, engine parts production and MRO services for own airplanes and various types of aircraft engines.

Baykar Technologies is the global leader in unmanned aerial vehicles (UAV) manufacturing and generates more than 90 percent of its revenues from exports to 35 countries.

Baykar Technologies acquired 100% of Piaggio Aerospace.