US group Raytheon plans to develop business in Romania

021110-N-0000X-003 China Lake, Calif. (Nov. 10, 2002) -- A Tactical "Tomahawk" Block IV cruise missile, conducts a controlled flight test over the Naval Air Systems Command (NAVAIR) western test range complex in southern California. During the second such test flight, the missile successfully completed a vertical underwater launch, flew a fully guided 780-mile course, and impacted a designated target structure as planned. The Tactical Tomahawk, the next generation of Tomahawk cruise missile, adds the capability to reprogram the missile while in-flight to strike any of 15 preprogrammed alternate targets, or redirect the missile to any Global Positioning System (GPS) target coordinates. It also will be able to loiter over a target area for some hours, and with its on-board TV camera, will allow the war fighting commanders to assess battle damage of the target, and, if necessary redirect the missile to any other target. Launched from the Navy's forward-deployed ships and submarines, Tactical Tomahawk will provide a greater flexibility to the on-scene commander. Tactical Tomahawk is scheduled to join the fleet in 2004. U.S. Navy photo. (RELEASED)

US firm Raytheon, one of the world leaders in the defense sector and responsible for equipping the NATO missile shield in Romania, aims to develop business opportunities on the Romanian market on the long term and “beyond the missile shield”, said Thomas Vecchiolla, the company’s president, quoted by

Thomas Vecchiolla met with the Romanian economy minister Mihai Tudose yesterday.

“Mihai Tudose appreciates the company’s interest for Romania and its contribution to the national defense system in the context of NATO’s overall goals. Raytheon is known to be a provider of Deveselu missile shield interceptors,” reads a press release of the Economy Ministry.

The Raytheon delegation consisted of Thomas Vecchiolla – chairman, Michael Ellison – vice President and country manager for South East Europe, and Caroline Cooper, who is Europe regional director.

A Romanian defense official recently said that the country plans to buy Patriot missiles from the US. Raytheon produces the Patriot missiles.



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