Hrvatski Telekom, Valamar lift Croatian share indices
Romanian stock indices start week in the green, Romgaz shines
Croatia's consumer confidence improves y/y in Feb
Romanian DSO completes 2.2 mln euro grid overhaul project
Serbia’s ICT exports to reach 10 bln euro by 2027 - report
Jul 07, 2022 12:08 EEST
July 7 (SeeNews) - Simultec Magurele, the Romanian subsidiary of Israeli defence electronics company Elbit Systems, said on Thursday it has been selected to supply flight simulators for the Blackhawk S-70i and Bell 412EP helicopters for a country in the Asia-Pacific region.
The deal confirms the capabilities of Simultec engineers to design, build, develop and supply technology at the highest level for both the domestic market and the international market, the company said in a press release.
"We are proud to have been appointed to deliver flight simulators that are made in Romania to the highest standards. This is proof of the confidence placed in our capabilities. We demonstrate once again that the Romanian industry is a leading one in this field," Simultec General Manager Florin Maican said.
Simultec has over than three decades of experience in training and simulation solutions. Its factory in Magurele can produce up to five flight simulators at the same time, in about 8 months.
Simultec's net profit soared to 3.6 million lei ($744,633/ 727,949 euro) in 2021 from 152,667 lei in the previous year, while its turnover edged down by an annual 5% to 13.5 million lei, data posted on the finance ministry's website showed. The company employed 23 at the end of 2021.
Simultec Magurele is part of Israel-based defence electronics company Elbit Systems, alongside electrical installations manufacturer Elmet and engineering company AE Electronics.
(1 euro=4.9454 lei)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options