New partnerships, technologies for Paramount at AAD

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Paramount Group will announce new industry partnerships, unveil new technologies and demonstrate various capabilities at the African Aerospace and Defence expo (AAD 2016), taking place from 14-18 September at Waterkloof Air Force Base.

Paramount’s latest armoured vehicle, the Mbombe 8, an 8×8 wheeled infantry fighting vehicle, will be unveiled for the first time on African soil during the show.

Ivor Ichikowitz, the founder and executive chairman of Paramount Group, said: “Paramount’s success is remarkable because it’s an African story. In ten short years we have grown out of South Africa and into a global technology and manufacturing powerhouse. Our world-class platforms contribute to the stability of communities, the fight against terrorism and the protection of natural resources in more than 30 countries around the world. This week at AAD we’re excited to showcase the innovations that have enabled our success and announce the next chapter in our global growth.”
“AAD 2016 is the premier event of the continent to showcase its defence and aerospace prowess. It presents us with an important opportunity to celebrate our global achievements locally. The defence industry employs 15,000 people in South Africa and has a total turnover of R19 billion. Every advanced economy in the world has a strong defence and aerospace industry. Many technologies that are developed in the defence and aerospace sectors are beneficial to other industries and the general public. It is an industry that is characterised by highly skilled people and presents exciting career opportunities. We are proud to support the show and showcase Africa’s innovations that are admired globally,” Ichikowitz added.

Paramount said it has grown significantly in recent years, with new production facilities in Central Asia, local manufacturing with its partners in the Middle East and it has commenced construction of an aircraft factory at Wonderboom airport which produce the African designed and built multi-role Mwari (Ahrlac) aircraft.

Current partners include governments in the Middle East and Central Asia as well as industry heavyweights like Boeing, Airbus Group and QinetiQ. The business model is proven to bolster international knowledge transfer, economic development and national security, Paramount said.

The company employs 3,000 people across 16 facilities in South Africa and abroad.



Ichikowitz concluded: “Our exhibition at AAD will demonstrate why we have grown to become a global leader in defence and aerospace. We remain as passionate as ever about bringing African technology to the world and we’ll announce the partners and innovations which will enable us to grow further still. The future is bright for Paramount Group and we’re proud to celebrate this success in South Africa where our roots are.”