BUSINESS COMPANIES DEFENCE ECONOMY INVESTMENTS

US Raytheon plans to develop business opportunities in Romania beyond missile defence shield

US Raytheon, a leading defence company in the world and a contributor to the ballistic missile defence shield in Romania, is aiming to develop long-term business opportunities in Romania that will go beyond the missile defence shield, President of Raytheon International Inc. Thomas Vecchiolla told Romania’s Economy Minister Mihai Tudose at a meeting in Bucharest on Thursday.

The Economy Ministry says in a press statement that Tudose welcomed a delegation of the American company on Thursday to discuss initiating cooperation in Raytheon’s fields of expertise.

“Minister Mihai Tudose appreciates the company’s interest in Romania and its contributions toward the national defence systems in the context of the overall objectives of NATO. Raytheon is known as a supplier of the interceptors used by the Deveselu ballistic missile defence system. The economy minister reminded the gussets about Romania’s efforts to meet its budgetary commitments to NATO,” reads the statement.

The Raytheon delegation was made up of President of Raytheon International Inc. Thomas Vecchiolla; Vice-President and Country Manager Southern Europe Michael Ellison, as well as Regional Director, Europe, Caroline Cooper.

Raytheon is employing 65,000 staff all around the world, having reported sales of 24 billion US dollars in 2016. The company provides state-of-the-art electronics, mission systems integration, capabilities in C5I (command, control, communications, computing, cyber and intelligence), sensing, effects and mission support services.

Romania is contemplating acquiring Patriot surface-to-air missile systems, another high-tech Raytheon defence product, the statement says.

Related posts

INS: Registration of new vehicles up by over 74 pct in Q1 of 2017

Nine O' Clock

Romania 100 Platform: An obvious PSD-ALDE “achievement” is the increase in pump fuel price as a result of the implementation of the over-excise duty

Nine O' Clock

Electricity market operator: 2,281 green certificates traded over Jan – July 2016

Nine O' Clock