Turkish Aerospace Industries reorganized as Turkish-US F-16 joint venture (1984), later fully Turkish-owned (2005)
- Predecessor
- Turkish Aerospace Industries
- Successor
- Turkish Aerospace Industries
Event context
The predecessor entity was incorporated under Turkey's Ministry of Industry and Technology on June 28, 1973. In 1984, it was reorganized as Turkish Aerospace Industries, Inc. (TAI/TUSAS), a 25-year Turkish-US joint investment company (with General Dynamics, later Lockheed Martin, as the US aerospace partner) to manufacture, integrate, and flight-test F-16 aircraft for the Turkish Air Force. Before the 25-year period ended, Turkish shareholders (Turkish Armed Forces Foundation and the Undersecretariat for Defense Industries) bought out the foreign shares in 2005, making TAI fully Turkish-owned. Modeled as a same-lineage identity change on the existing TAI org row.