GlobalData: Romania’s military modernization efforts to offer market entry routes for defense firms

As a former member of the Warsaw Pact, Romania still possesses large volumes of aging Cold War equipment. In order to meet North Atlantic Treaty Organization (NATO) standards, Romania can either outright replace such models with modern, Western equipment or heavily modify units to bring these platforms in line with NATO’s STANAG (Standardization Agreement) documents. Both options create significant business opportunities for firms interested in the Romanian market, says ...

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