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Bumar gets zł.300 mln for research and development

12th September 2011
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Almost half of the funding will go to the conglomerate's ammunition division, says daily

Radwar will get zł.70 million to develop new radar technologies
Courtesy of Bumar

Polish Defense Minister Tomasz Siemoniak has announced that the state-owned Bumar Group, a leading supplier and exporter of armaments and military equipment, will receive zł.300 million in funding for the research and development of new weapons and equipment, Rzeczpospolita reported.

The majority of these funds, zł.135 million, will go to Bumar’s ammunition arm, the daily wrote.

Rzeczpospolita said that a further zł.70 million will go to the Scientific-Industrial Centre of Professional Electronics Radwar, for the development of new radar technologies, with close to zł.30 million earmarked for Bumar Łabędy. The remaining zł.15 million will be given to Łucznik, a Radom-based company that focuses on artillery, the newspaper added.
Bumar is set to receive zł.90 million of the total zł.300 million this year and the rest of the money over the following two years.

Mr Siemoniak reportedly made the announcement at the International Defense Industry Exhibition (MSPO) in Kielce last week.

Both Polish Foreign Minister Radosław Sikorski and his Romanian counterpart, Teodor Baconschi, participated in the event and signed a cooperation agreement to jointly develop defense technologies (anti-aircraft and anti-ballistic missile) between Poland’s Bumar Group and Romania’s UTI Defense and Industrial Technologies, according to a statement on Bumar’s website.

Other members participating in the event included the director of the European Defense Agency, Claude-France Arnould, Ukraine’s minister of national defense, Mykhaylo Yezhel, Italy’s secretary of state for defense, Guido Crosetto, Namibia’s ministry of defense’s chief of staff, Abraham Iilonga, and the head of Poland’s National Security Bureau, Stanisław Koziej.


From Warsaw Business Journal by Ella Pałka


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