Filter "/usr/lib/cups/filter/foomatic-rip" error when printing

Issue

• I'm getting a print filter error written to standard output when attempting to create printer within CUPS:

  Filter "/usr/lib64/cups/filter/foomatic-rip" for printer "<printer_name>" not available: No such file or directory
  

• The output of lpstat includes the following messages:

  #  lpstat -t
  scheduler is running
  no system default destination
  device for lp12: socket://10.1.2.3:9100
  lp12 accepting requests since Thu 06 Oct 2016 07:08:16 PM GMT
  printer lp12 is idle.  enabled since Thu 06 Oct 2016 07:08:16 PM GMT
          Filter "/usr/lib64/cups/filter/foomatic-rip" for printer "lp12" not available: No such file or directory
  

• We added a new PPD (PostScript Printer Definition) file on our server but we get the following message when trying to add a printer that uses the PPD file:

  missing driver
  
  printer 'device-name' requires the '/usr/lib/cups/filter/foomatic-rip' program but it is not currently installed. Please install it before using this printer.