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.

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