Next week opening of BSDA 2018 Defense Exhibition in Romania

Next week opening of BSDA 2018, Black Sea Defense & Aerospace exhibition that will take place in Bucharest from the 16 to 18 May 2018. The BSDA 2018 is an International tri-service defense Exhibition and Conference dedicated to Defense, Aerospace, Homeland Security, Cyber Security and Safety & Security which takes place every 2 years in the capital of Romania.

Next week opening of BSDA 2018 Defense Exhibition in Romania 925 001
BSDA 2018 Black Sea Defense & Aerospace exhibition that will take place from the 16 to 18 May, 2018 in Bucharest, Romania. (Picture source TNT Production)

Romania is a member of the North Atlantic Treaty Organization (NATO) and the European Union, and is a Strategic Partner of the United States. The country maintains good relations with its neighbors and regional partners. Romania has committed to the NATO guideline of spending at least 2.0% of GDP on defense for the following ten years.

Romania is also looking to modernize its own defense industry through international partnerships. American firms may be asked to contribute to this goal. The Romanian Parliament must approve defense acquisitions in excess of €100 million ($110 million).

Until 1989 Romania's Defense Industry had been an important economic sector, covering 85% of the procurement needs of the Romanian Defense Forces and contributing with almost 1 billion US$ every year to exports, thus situating Romania among the top arms exporters in the world.

Currently, the Romanian Defense Industry, which was a dynamic and efficient economic sector of the country, still has an attractive potential for foreign and local investors and partners. This potential is given by its existing capacities, and especially by its capabilities.

The Romanian Defense Industry represents 27 state-owned companies and one research institute, fifteen of these companies and the institute are grouped within ROMARM National Company, a state owned holding company.

In August 2017, it was announced that Romania plans to spend a total of 9.8 billion euros ($11.3 billion) on upgrading its military until 2026, the eastern European NATO member's top defense body agreed on Tuesday.

The figure locks Romania's military spending at 2 percent of GDP over the next decade, meeting a key commitment of NATO members.

As one of the most popular online defense and security magazine Army Recognition will cover on site BSDA 2018 including daily news and video coverage about this event.