Derco, a Lockheed Martin group company, signed an agreement with Aerostar S.A. for the repair of landing gear, wheels and brakes in order to ensure the maintenance of the F-16 aircraft fleet of the Romanian Air Force, reducing execution times and improving logistics for mission preparation.According to a press release from Lockheed Martin, sent to AGERPRES on Friday, by using specialized tools, equipment, technical documentation and training provided by Derco, Aerostar will be equipped with the necessary knowledge and skills to successfully repair F-16 components."We are proud to be the latest unit from the Lockheed Martin group to associate with Romania through this new agreement with Aerostar. The Derco technological solution, which we share with Aerostar, will ensure the training, efficiency and safety of the Romanian military personnel who operate the aircraft F-16 fighter jet," said Derco President and CEO Todd Morar.Grigore Filip, president and CEO of the company in Bacau, emphasized, for his part, that Aerostar will provide the necessary maintenance and repair activities for the new aircraft fleets in Romania and in the region."We want to strengthen Romania's position on this market and rely on our technical skills and knowledge," said Grigore Filip.The agreement comes days after the first European F-16 Training Center was inaugurated earlier this week at Fetesti Air Base in southern Romania, and builds on Lockheed Martin's 26 years of cooperation with Romania in support of defense national, industry and academic environment."As a world leader in the field of technology, Lockheed Martin is determined to support the activity of the Ministry of Economy in order to strengthen the capabilities of the aerospace and defense industry in Romania and to invest in long-term partnerships that support the creation of highly qualified jobs and the transfer of technology", the press release states.Founded in 1979, Derco is headquartered in Milwaukee, Wisconsin, and is a recognized leader in providing aircraft parts distribution, logistics, component repair and technical solutions to customers worldwide. Through strong relationships with leading original equipment manufacturers (OEMs), Derco has one of the largest and most diverse inventories of aircraft spare parts in the world. Currently, Derco is an integrator and provider of complete logistics solutions supporting military and commercial fleets in 65 countries.Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is an international aerospace and security company with approximately 116,000 employees worldwide, specializing in the research, design, development, production, integration and maintenance of technology systems, products and services. advanced.Founded in 1953, Aerostar is the most important aerospace and defense company in Romania, specialized in production, assembly and integration, as well as integrated logistic support for a wide range of defense and aviation systems.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
