NATO Member Romania Signs Deal With US To Buy F-35 Jets [Barron's]
Lockheed Martin Corporation (LMT)
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Source: Barrons
With an estimated cost of $6.5 billion approved by Romania's parliament, it is the most expensive military purchase by the poor eastern European country, which has gained in strategic importance since Russia invaded Ukraine in 2022. The F-35A combat aircraft, which are expected to begin arriving in the early 2030s, will "significantly strengthen" Romania's defence capabilities, Romanian Prime Minister Marcel Ciolacu said at the signing ceremony. "Unfortunately, the current geopolitical situation demonstrates the acute need for credible deterrent and defensive capabilities, both at the allied level and the national one," Ciolacu said. Romania's decision to buy the fighter jets will "significantly contribute... to our collective security", US Ambassador Kathleen Kavalec said in her remarks at the event. The US State Department said in September it had greenlit the sale of the F-35A aircraft and related equipment. With the purchase agreement, Romania "becomes the twentieth mem
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