Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. US defense industry association meets with government representatives...

US defense industry association meets with government representatives and relevant Romanian companies

March 19, 2025

A delegation from the US State of Utah, made up of representatives of the aerospace, defense and cybersecurity industry, paid a strategic visit to Romania, between March 3 and March 7, aimed at strengthening the economic and strategic partnership between the two countries, investment opportunities and project development in the field of advanced defence and cybersecurity technologies, informs a press release sent on Monday.The event was organized by 47G - Utah Defense Contractors Association and the Romanian company Black Sea Strategies, with the support of the Commercial Office of the U.S. Embassy and Repatriot - Romanian Business Leaders."47G is one of the strongest defense and aerospace industry associations in the U.S., bringing together more than 250 companies with a combined value in the hundreds of billions of dollars. These leading-edge companies are involved in the development of advanced technologies that have a significant impact on security and the global economy. The State of Utah is of major strategic importance to the US as a center of excellence in aerospace and defense, with close ties to the Pentagon and US national security agencies," reads the cited source.Among the participants were Aaron Starks, CEO & President of 47G, Romanian Government officials, representatives of the Ministry of National Defense, Ministry of Internal Affairs, ROMARM, National Cyber Security Directorate, as well as leaders of some of the top U.S. companies in the industry.The delegation participated in a series of high-level meetings, including strategic discussions at the Chancellery of the Prime Minister, the Ministry of National Defense and the Ministry of Economy. There were also B2B sessions with over 30 Romanian companies and then visits to Aerostar Bacau, BlueSpace Technology and General Dynamics Land Systems - Europe, highlighting the interest of American companies in collaborating with the Romanian industry."This mission takes place at an essential moment for Romania, when we are strengthening our defense capabilities and strategic position in the Black Sea region. The collaboration with Utah leaders gives us access to advanced technologies and essential know-how for the development of the national defense industry," Catalin Mihalache, CEO of Black Sea Strategies was quoted as saying in the release.Repatriot has supported this initiative, acting as a strategic anchor for Romania in attracting U.S. investment and developing innovative projects. "Several years ago we opened an important bridge in Utah through Repatriot's economic mission. Now we are happy to have here a group of Americans, friends of Romania, with whom to do business and share the same values. Romania will be a technological and industrial hub in South-Eastern Europe for its strategic partners, and this delegation demonstrates our shared commitment to regional development and security," emphasized Marius Bostan, member of Romanian Business Leaders and initiator of the RePatriot project.An important moment of the visit was the meeting of the 47G delegation with Dragos Pavel, co-founder of Dedeman and investor in several fields. Discussions centered on the potential of investments in strategic areas and the development of long-term technological partnerships.The delegation also made an important visit to INCAS - National Institute for Aerospace Research "Elie Carafoli" followed by other meetings with private sector leaders, affirming Romania's role as a strategic partner of the US in the technology and defense fields. (Photo: www.repatriot.ro)

Read in full - click here
Romania’s Cătălina Ponor honored at Gymnastics Hall of Fame induction ceremony in May

Romania’s Cătălina Ponor is one of the four gymnastics legends to be honored at the 28th annual International Gymnastics Hall of Fame (IGHOF) induction ceremony on May 17, according to an official announcement. The event will be held at the Petroleum Club in Oklahoma City. The 2025 IGHOF inductees are Beth Tweddle, Andreas Wecker, and […]

Study: Value vouchers contributed over RON 32 bln to Romania's GDP in 2023

Value vouchers contributed over RON 32 billion to Romania’s Gross Domestic Product in 2023, which represents more than 2% of the national GDP. According to a study conducted by the Bucharest University of Economic Studies (ASE), value vouchers, including meal vouchers, holiday vouchers, gift vouchers, and cultural vouchers, have played an essential role in supporting […]

EBRD commits EUR 15 mln to Morphosis Capital Fund II to support SMEs in Romania and across CEE

The European Bank for Reconstruction and Development (EBRD) has committed EUR 15 million to Morphosis Capital Fund II, a private equity fund supporting small and medium-sized enterprises (SMEs) and lower mid-market companies in Romania and across Central and Eastern Europe (CEE). Managed by Morphosis Capital Partners, the fund aims to provide equity financing as an […]

Romanian tech company Simtel Team aims to issue EUR 30 mln corporate bonds

Simtel Team (SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of the national leaders in renewable energy in Romania, aims to issue corporate bonds worth EUR 30 million. The company’s management has convened the Extraordinary General Meeting of Shareholders for April 24-25, to request approval […]

Half of Romanian consumers have reduced their discretionary spending, study shows

About 46% of Romanians believe that what they currently buy is only the bare minimum to ensure their daily living due to inflation.  In the last month, Romanians spent the most on food products (89%), utilities (82%), personal hygiene products (73%), home care products (67%), and medicines or supplements (66%), according to a Reveal Marketing […]

Colliers: Office space deliveries plunge in Bucharest in 2024 on weak demand

The Bucharest office market recorded its lowest level of deliveries in two decades in 2024, with only one major project completed, according to the annual report published by Colliers. Total rental demand fell by 18% compared to the previous year, but new demand remained at a similar level to 2023.  At the same time, more […]