Denel

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Denel SOC Ltd
State-owned enterprise
Industry Aerospace and Defence manufacturing
Founded 1992
Headquarters Centurion, City of Tshwane, Gauteng, South Africa
Area served
Worldwide
Key people
Mike Kgobe
(Acting Group CEO)[1]
Odwa Mhlwana
(CFO)
[1]
Thami Mbele
(COO)
Products Guided missiles
UAVs
Armoured vehicle turrets
Glide bombs
Artillery systems
Ammunition
Revenue Increase R 3.918 billion (FY 2013)[2]
Increase R 117 million (FY 2013)[2]
Increase R 71 million (FY 2013)[2]
Total equity Increase R 1.17 billion (FY 2013)[2]
Number of employees
7634
Parent 100% state owned
Website denel.co.za

Denel SOC Ltd is a South African state-owned aerospace and military technology conglomerate established in 1992.[3] It was created when the manufacturing subsidiaries of Armscor were split off in order for Armscor to become the procurement agency for South African Defence Force (SADF), now known as the South African National Defence Force (SANDF), and the manufacturing divisions were grouped together under Denel as divisions.

Denel was established as a state-owned industrial company under the Ministry of Public Enterprises in April 1992. It inherited most of Armscor's production and research facilities, and over 15,000 employees. At the time of its formation, Denel restructured and reorganised the former Armscor subsidiaries into a number of divisions and subsidiaries within five industrial groups: systems, manufacturing, aerospace, informatics, and properties and engineering services.[4]

Denel has developed a number of notable products, such as:

The Overberg Test Range is used for advanced aerial testing of missiles by Denel and other clients such as NASA, EADS and BAE Systems.

Though Denel's market share is increasing, it still has not signed significant international contracts that will bring a real market return for its investments in development and research costs. In 2006, Denel signed a contract with the Finnish Navy for the Umkhonto air defence missile; this was a significant step, since it was the first significant sale to a western nation. The Swedish defence force was also interested in the Umkhonto missile, but due to budget constraints had to put its purchase on hold.

Though Denel has comparable quality products, at lower prices, it has struggled to attract buyers, with the Rooivalk attack helicopter being a prime example of this. After being developed at a cost of R1 billion,[5] no sales were made as the contract from Turkey for $2 billion was lost. The development of the Rooivalk, which could be Denel's most profitable project, also threatens to result in its largest loss ever.[5]

Divisions

The following divisions form part of Denel

Associated companies

Companies part-owned by Denel.[6]

References

  1. ^ a b "New CEO, CFO for Denel". FIN24. 26 October 2017.
  2. ^ a b c d "Denel 2013 Annual Report" (PDF). [dead link]
  3. ^ "History". ArmsCor. Retrieved 23 July 2018.
  4. ^ "Conversion: The Case of Denel". Peter Batchelor (International Development Research Centre). 26 November 2006. Archived from the original on 24 November 2006.
  5. ^ a b "What went wrong with Rooivalk?".
  6. ^ "Associated Companies | Denel SOC Ltd". Denel.co.za. 1 September 2008. Retrieved 29 September 2015.
  7. ^ "Company Profile". LMT. Archived from the original on 21 July 2015. Retrieved 29 September 2015.

External links

  • Denel.co.za
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