Romaero SA
BBVB:RORX25.80
RON
-0.20
(-0.77%)
ISIN
RORORXACNOR9
Return %
Stock
S&P 500
1Y
61.25
14.20
3Y
27.72
81.12
5Y
-26.29
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Bogdan Costas
- Full Time Employees
- 525
- Sector
- Electronic technology
- Industry
- Aerospace & defense
- Address
- Bucharest Romania
- IPO Date
- Jan 15, 1997
- Website
- romaero.com
- Similar Companies
- Business
- Romaero SA is a Romania-based aerospace and defense company specializing in aircraft maintenance, repair, and overhaul (MRO), aerostructures manufacturing, and defense systems engineering. The company operates through two primary divisions: Aircraft Maintenance and Overhaul, and Aerostructures Manufacturing and Engineering. In its Maintenance, Repair, and Overhaul segment, Romaero provides base and line maintenance; structural repairs and inspections; avionics retrofits and system upgrades; passenger-to-freighter conversions; non-destructive testing (NDT); surface treatments and exterior painting; interior refurbishment; and component overhaul for civil and military aircraft, holding maintenance approvals and capabilities for platforms including the Boeing 737 Classic and Next Generation series; Airbus A320 family; ATR 42 and ATR 72 turboprops; Lockheed Martin C-130 Hercules transport aircraft; and Antonov An-24, An-26, and An-30 fleets. In its Aerostructures Manufacturing and Engineering segment, the company produces precision machined parts; sheet metal details; bonded composite assemblies; fuselage panels; empennage structures; door mechanisms; fairings; and ground support equipment for global aerospace original equipment manufacturers (OEMs) and tier-1 aerospace suppliers, supported by dedicated tooling design and fabrication, metallurgical testing, and dimensional inspection laboratories. The company serves commercial passenger airlines, cargo carriers, defense ministries, government agencies, aircraft leasing companies, and prime aerospace contractors across Europe, North America, the Middle East, and Asia. Founded in 1920 as Administrația Stabilimentelor Aviației și Marinei (ASAM) and subsequently known as Întreprinderea de Avioane București (IAvB) prior to its corporate restructuring in 1990, Romaero is headquartered in Bucharest, Romania, operating integrated industrial hangars, machine shops, and runway-connected facilities at Bucharest Băneasa Aurel Vlaicu International Airport. The company is majority-owned by the Romanian state via the Ministry of Economy, Entrepreneurship, and Tourism, with minority equity held by domestic financial investment companies and private investors, and is listed on the Bucharest Stock Exchange under the ticker symbol RORX. In recent major developments, Romaero entered into court-supervised insolvency and judicial reorganization proceedings under Romanian insolvency law in early 2024 to restructure historical tax liabilities and commercial debt obligations while stabilizing cash flows and ongoing manufacturing operations. In response to these challenges, the company implemented a comprehensive recovery and operational restructuring plan centered on expanding high-value defense maintenance agreements, optimizing its cost structure, and evaluating non-core real estate assets adjacent to Băneasa Airport to fund debt amortization. As part of its strategic shift toward military fleet sustainment and international industrial integration, Romaero expanded its partnership framework with global defense contractors, including industrial cooperation with Lockheed Martin focused on providing domestic maintenance, repair, and modernization services for the Romanian Air Force's Lockheed Martin C-130 Hercules fleet and participating in national defense offset and support programs.