Romania set to purchase 32 F-35s from the U.S. for $6.5 billion

Romania is set to purchase 32 latest-generation F-35 fighter planes from U.S. manufacturer Lockheed Martin at a cost of $6.5 billion, according to an announcement by the country’s defense ministry. The decision to acquire these advanced aircraft aligns with Romania’s efforts to bolster its defense capabilities in response to security concerns, notably Russia’s invasion of Ukraine.

Romania, an EU and NATO member, has increased defense spending to 2.5% of its GDP from 2% this year.

The country shares a significant border of 650 kilometers (400 miles) with Ukraine, and the conflict in Ukraine has brought the conflict closer to Romania’s borders as Russia repeatedly attacks Ukrainian ports along the River Danube.

This strategic move to purchase the F-35s is seen as a crucial step to enhance Romania’s defense and security, considering its geographical proximity to the ongoing conflict and the evolving security landscape in the region.

This acquisition complements Romania’s existing defense assets, such as the procurement of 32 second-hand F-16 fighter jets from Norway last year and the acquisition of 17 F-16s from Portugal since 2016. Additionally, Romania has been expanding its defense infrastructure, establishing a regional training hub for F-16 pilots, furthering its collaboration with NATO and allies, including Ukraine.

The purchase of the F-35s is part of a comprehensive deal, including logistics, training services, flight simulators, ammunition, and an option for Romania to buy an additional 16 F-35s in the future. While the initial agreement was approved by Romania’s supreme defense council (CSAT) in April, final contracts are expected to be signed next year, with the first planes anticipated for delivery after 2030, according to Defense Minister Angel Tilvar.

QUATRO Strategies International Inc. is the leading business insights and corporate strategy company based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions to establish a competitive edge in the marketplace.

Make strategic decisions with confidence!

Learn how we can support you in setting the right strategy in a fragmenting global economy.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

ThyssenKrupp forms 50/50 venture with EP Corporate Group in steel manufacturing

ThyssenKrupp has revealed plans for a joint venture with EP Corporate Group and ThyssenKrupp Steel (TKS), forming a 50/50 steel manufacturing venture. Following EP’s initial acquisition of a 20% stake in TKS, discussions are underway for the potential sale of an additional 30% stake, although a timeline for this…

China blocks Intel’s $5.4 billion acquisition of Israel’s Tower Semiconductor

Intel Corporation has announced the cancellation of its $5.4 billion deal to acquire Tower Semiconductor, an Israeli contract chipmaker. The decision comes after the merger agreement expired without receiving regulatory approval from China, marking another instance of geopolitical tensions impacting corporate mergers and acquisitions.

Base metals decline as Federal Reserve moderates rate cut expectations

Base metals experienced a decline as the Federal Reserve tempered expectations for interest-rate cuts, coupled with concerns about the demand outlook in China, the world’s top consumer of metals, ahead of the Lunar New Year holiday. The Federal Reserve decided to maintain interest rates…

Stay informed

error: Content is protected !!