Defence industry companies receive export orders that equal the total exports they registered over the last three years
Romania’s defence industry is showing strong signs of recovery, this is the conclusion of the meeting that analyzed the activity of defence sector companies in the first 6 months of the year. It was noted that the turnover grew by 13 per cent, the value of exports by 31.77 per cent and the value of export orders equals the value of total exports registered over the last three years. Contracts that run up to 2019 have been signed, while several companies have registered operational profit, some of them being set to reach their maximum production capacity. This is the Economy Ministry’s conclusion in what concerns the defence companies it has under its authority.
The defence industry’s overall turnover reached RON 309,114,000. The 13 per cent turnover growth is among the highest in the industrial sector and within the durable goods industry.
Orders for arms and ammunition worth approximately USD 215,000,000 have been registered in the first half of 2015, ensuring that the production of arms and ammunition will run until 2019. The value of contracts signed in the first part of the year is approximately equal to the total value of arms exports registered over the last three years.
Apart from deliveries of arms and ammunition, the Puma Naval programme has been finalized, representing the national defence industry’s most complex and capable Romanian-designed weapons platform. Likewise, good results have also been obtained in the electro-optical products domain, bringing together the results of national research, development and innovation.
The defence industry is dependent on foreign markets in what concerns the supply of raw materials, materials, subparts and components but mostly in what concerns sales, most of its production, over 80 per cent of it, being exported.
The Romanian defence industry is starting to come out of the isolation it experienced in recent years, raising the number of foreign contracts with new potential beneficiaries. Likewise, the interest shown by large international companies in getting to better know the Romanian industrial capacities in view of industrial cooperation and collaboration has also grown, the Economy Ministry’s analysis concludes.