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Romania's new defence minister, Mihai Fifor, on 23 October revealed Romania’s plan to buy Raytheon-built Patriot systems and other priority equipment for the Romanian armed forces.
Fifor said Romania had allocated 2% of gross domestic product to defence in 2017, with 38% of the budget going to the Romanian armed forces’ procurement programmes.
He identified major procurement programmes approved by both the Romanian Supreme Defence Council and parliament starting this year. The first programme is the acquisition of the first Patriot missile defence system, for which Fidor said around USD700 million would be spent this year. Military sources told Jane's the total amount of the contract for Patriot missiles is USD3.8 billion.
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(135 of 268 words)
http://www.janes.com/article/75158/romania-to-pay-usd700-million-for-first-patriot-missile-system
Fifor said Romania had allocated 2% of gross domestic product to defence in 2017, with 38% of the budget going to the Romanian armed forces’ procurement programmes.
He identified major procurement programmes approved by both the Romanian Supreme Defence Council and parliament starting this year. The first programme is the acquisition of the first Patriot missile defence system, for which Fidor said around USD700 million would be spent this year. Military sources told Jane's the total amount of the contract for Patriot missiles is USD3.8 billion.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options ihs.com/contact
To read the full article, Client Login
(135 of 268 words)
http://www.janes.com/article/75158/romania-to-pay-usd700-million-for-first-patriot-missile-system
