By Jerom Bolt
ROMAERO S.A. and RAYTHEON (NYSE: RTN) today signed a Memorandum of Understanding that will form the basis for local industry collaboration for the Patriot® program. The memorandum also opens up prospects for ROMAERO to export its production to Patriot systems around the globe.
“RAYTHEON continues to build sustainable partnerships with the Romanian defense industry,” said Tom Laliberty, vice president of anti-aircraft and anti-missile defense systems at RAYTHEON’s integrated defense division. “This memorandum is an opportunity for ROMAERO to be able to offer production and technical maintenance services for Romania-owned Patriot systems.”
Areas where RAYTHEON and ROMAERO could collaborate include: >Manufacture of mechanical parts and subassemblies; >Technical assistance for Patriot systems owned by Romania.
“This Memorandum represents the first stage of a partnership that can create many jobs in Romania and can provide us with a high level of understanding of ultra-modern defensive military technologies,” said Remus Vulpescu, ROMAERO General Manager. “Due to over 220 global Patriot systems, we have an export market with great potential.”
Patriot is a defensive system that is the basic element of NATO’s defense against ballistic and cruise missiles, advanced aircraft, and drones.
The Patriot missile program is “extremely important” for Romania, and the Memorandum of Understanding between Romaero S.A. and Raytheon Company is setting up one of our country’s maintenance centers for these missiles, Economy Minister Niculae Bădălău said on Wednesday.
Michelle De Maio, director of programs at Raytheon, said Patriot is a defense system and represents NATO’s air defense column.
A few weeks ago I participated in the third review of the Patriot Program for Romania (…) and I am excited to be here again in Bucharest in this wonderful palace for the signing of this Memorandum of Understanding. the agreement demonstrates Raytheon’s commitment to industrial partnerships with the Patriot system … It is the first step for Romaero to become part of Raytheon’s approved supply chain and to begin developing logistical support and maintenance opportunities for these systems “De Maio said.
With sales of $ 27 billion in 2018 and 67,000 employees, RAYTHEON is a leader in technology and innovation, specializing in defense solutions, civilian governance and IT security. With a 97-year history of innovation, RAYTHEON provides state-of-the-art electronic equipment, system integration solutions, C5ITM products and services as well as detection, impact maximization and mission assistance for customers in over 80 countries. RAYTHEON is headquartered in Waltham, Massachusetts. You can follow us on Twitter. ROMAERO S.A., (ROMAERO) is the largest state-owned company in the Romanian aerospace and defense industry, operating in two economic fields: maintenance and repair services for civil and military aircraft and industrial aerostructures production and their components.
The company’s experience in civil and military aeronautics, qualified human resources, infrastructure and production capabilities available in Bucharest make ROMAERO one of the most attractive Romanian companies for the world’s largest military and aircraft equipment manufacturers. ROMAERO is already a partner for Romania and Central Europe of some of the most important companies in the world military equipment market for the transfer of advanced military technology both in the industrial and R & D sectors.
The human resource is one of the strengths of Romanian companies in the defense industry. ROMAERO currently has over 900 highly qualified and highly skilled employees, and estimates a growth potential of more than 30% in the number of staff employed, the company being in Bucharest, the largest pool of staff with medium or higher education in the country, which can guarantee continuity of activity in production programs for at least 20 years.
By Jerom Bolt