By Edwig Ban
Raytheon has issued an order for parts and subassemblies for the Patriot Air Defense System to Aerostar Bacau / Romania, the company said in a statement. Romania acquired the Patriot missile system for about $ 3.9 million following a government deal with the US government. Romania will receive seven batteries in the 3+ configuration, packed with over 200 interceptors.
Raytheon's order to Aerostar Bacau allows the Romanian company to become one of Raytheon's global suppliers and to export the products of any of the 15 member nations of the Patriot Partnership.
"Aerostar is part of Raytheon's global supply network, with the ability to export to the other 15 Patriot Partnership nations that together hold more than 220 Patriot units," Raytheon reports in a ... Read more »
Date: |2019-03-05|

By Edwig Ban
Romania was last year on the eighth place in EU production of cars, surpassing Poland and Hungary, according to a report by The European Automobile Manufacturers' Association (ACEA).
The eighth place in the top European builders was predictable, as The Romanian Businress Journal showed in a previous article. This is because Ford Craiova has grown three times over 2017, and Dacia Renault had a 7% higher production.
In 2018, almost 477,000 cars were assembled in the two car plants in Romania, up 31% from 2017. This is the largest increase in local production over the last ten years.
Gabriel Sicoe, President of the Association of Automobile Manufacturers in Romania (ACAROM), says that the dynamics of the car industry in the Central and Eastern European countries will be rising in the ... Read more »
Date: |2019-03-05|

The Romanian Business Journal
Constantin Radut
Editor in Chief
031726 Bucharest, Romania
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