Turkey’s largest manufacturer of aircraft parts, Blue Sensor Elektrad, has signed a memorandum of understanding with a Turkish company to start manufacturing parts for the countrys defence industry.
Turkey’s Blue Sensor is one of the country’s biggest aircraft parts makers.
It produces a wide range of components for military and civil aviation, including wing parts, tail pieces and engine parts.
It has a market share of over 40% in the Turkish market.
The memorandum of intent, which was signed on Monday, covers the manufacturing of engines and wings for the Turkish military and civilian aircrafts.
The memorandum of agreement was signed between Blue Sensor and Turkish company Airborne Technologies, according to sources familiar with the matter.
The two companies will begin production of the engines and wing parts from next year, the sources said.
In a separate development, Turkey’s aviation regulator said on Monday that Turkish-American firm Alitalia has agreed to buy Turkey’s Airbus Helicopters for $2.8 billion in cash.
The deal, which is subject to regulatory approval, will help Alitalie in its efforts to develop the Turkish domestic market.
In May, Turkey said it would buy two Boeing 737-800 planes from Alitalies Boeing Aircraft in order to reduce its reliance on Russian engines and reduce reliance on China for aircraft parts.