Selçuk Bayraktar, the Chief Technology Officer (CTO) of Türkiye’s drone magnate Baykar, turned the very best taxpayer within the nation in 2021 and 2022, Anadolu Agency (AA) reported, primarily based on the info revealed by Türkiye’s income company.
Bayraktar paid a complete of TL 153,345,596 in taxes for the 12 months 2021, whereas he paid TL 564,124,318 for 2022, primarily based on the revenue he earned from Baykar.
As one of many main protection companies with the very best export figures, Baykar has signed offers to promote TB2 to no less than 30 international locations thus far, together with 4 NATO and two European Union member states. Around 86% of the corporate’s turnover in 2022 got here from export revenues, reaching $1.2 billion.
The firm accounts for 25% of Türkiye’s protection exports and doesn’t use subsidies or loans.
Türkiye’s protection trade has undergone a profound transformation over the past 20 years, in a breakthrough that has been spurred by a rating of Western embargoes. It geared toward decreasing exterior dependency on Western arms via modern engineering initiatives and domestically developed applied sciences and making certain self-sufficiency.
The drive has prompted the event of homegrown air, land and marine platforms, which ultimately helped Türkiye seal billions of {dollars} value of offers lately.
The capabilities of its autos, spearheaded by its fight drones, triggered unprecedented demand that noticed Türkiye’s protection trade exports hit a document of greater than $4.4 billion in 2022.
The localization drive helped Türkiye decrease its overseas dependency within the protection trade from round 80% within the early 2000s to some 20% in the present day.
Bayraktar TB2 has made a reputation for itself globally and demand for the drone soared after it featured in conflicts in Syria, Libya and Azerbaijan. Interest elevated additional following its use by Ukraine’s navy to thwart Russian forces.
Baykar has signed offers to promote TB2 to no less than 30 international locations thus far, together with 4 NATO and two European Union member states. It lastly signed a contract value $367 million with Kuwait for TB2s final month.
Source: www.dailysabah.com