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BUCHAREST (Romania), July 18 (SeeNews) - Romanian weapons manufacturer Romarm said it has begun talks with Belgium-based company John Cockerill on cooperation in the manufacturing of gun turrets for the domestic and foreign market, Romania's economy ministry said.
The purpose is to manufacture, by transferring technology and know-how, a familiy of gun turrets including 30 mm caliber, the economy ministry said in a press release on Wednesday.
"In line with our strategy of identifying new market opportunities and our wish to start manufacturing high-value products, our company has begun working with John Cockerill, formerly known as CMI. Discussions include a potential technology transfer that will be implemented by Romarm through its subsidiaries. In order to manufacture 30 mm caliber turrets, we intend to cooperate with other companies active in the national defence industry," Romarm general manager Claudiu Cucu said.
John Cockerill Defense designs and develops innovative weapon systems solutions such as Cockerill turrets from 25 mm to 120 mm. John Cockerill Defense has installations in Belgium, France, Spain, the United States, Saudi Arabia, Brazil, Poland, the United Arab Emirates and Singapore.
"The collaboration that Romarm is now starting with John Cockerill is a demonstration of our commitment to renewing and reviving the national defence industry," economy minister Niculae Badalau said.
John Cockerill is a mechanical engineering group operating in over 23 countries around the world.
Romania, which joined NATO in 2004, plans to spend 9.8 billion euro ($10.9 billion) until 2026 to boost its defence capabilities, the National Defence Council (CSAT) said in August. A defence spending target of 2% of GDP was set at the NATO summit in Wales in 2014.
($= 0.8876 euro)