International demand for Baykar's TB2 drones soared after they featured in conflicts in Syria, Libya and Azerbaijan and interest in them increased further following their use by Ukraine's military to thwart Russian forces.

“A contract worth $370 million was signed with Kuwait Defense Ministry to export Bayraktar TB2 drones,” Baykar said in a statement.

The statement did not reveal how many drones would be delivered to Kuwait or when.

“Baykar won out in competition with significant firms from America, Europe and China, in the (bidding) process going on since 2019,” the statement said.

It added that with Kuwait the number of countries that signed contracts for the Bayraktar TB2 had increased to 28.