Romania plans to spend EUR 2.5 bln to rebuild military base at NATO standards
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Romania plans to spend EUR 2.5 bln to rebuild military base at NATO standards

Romania’s Defense Ministry plans to rebuild the Mihail Kogalniceanu military base close to the Black Sea coast according to NATO standards and increase its capacity. The costs of this project are estimated at RON 12 billion (over EUR 2.5 billion) over a period of 20 years and will be covered from the state budget, according...

Israel’s Rafael acquires drone manufacturer Aeronautics
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Israel’s Rafael acquires drone manufacturer Aeronautics

Israel’s Rafael Advanced Defense Systems Ltd. has acquired Aeronautics Ltd., one of the country’s leading developers of unmanned aerial systems, Rafael said on Tuesday, September 3. The deal, which is set to be finalized in the coming days, would see Rafael own 50% of Aeronautics with the defense technology company’s partner, businessman Avichai Stolero, holding the other...