CTech:
Israeli defense contractor Rafael Advanced Defense Systems Ltd. has signed on Wednesday a deal with Romanian aerospace company Romaero S.A. for the local manufacturing of Iron Dome and other air and ground defense systems, a spokesman for Rafael told Calcalist on Wednesday.
As part of the deal, Rafael will provide Romaero with the technical knowledge and licenses to manufacture several defense systems including both ground and naval Iron Dome air defense systems, Samson remote control weapons stations, and Spike missiles.
According to a report on global military expenditure published earlier this month by the Stockholm International Peace Research Institute (SIPRI), Romania increased its military spending by 50% between 2016 and 2017, representing the sharpest increase rate in the world. SIPRI attributed the increase to the country’s military procurement, modernization, and expansion plan, to be implemented by 2026.
