Home Tags Denel

Tag: Denel

Parliament hears Denel turnaround is progressing well

-
Denel told Parliament’s Portfolio Committee on Defence and Military Veterans (PCDMV) that general corruption “as seen in the case of State Capture” was one...

Possible Denel IP theft being investigated

South Africa is investigating alleged misappropriation of intellectual property (IP) rights belonging to state defence firm Denel, the Special Investigating Unit (SIU) has confirmed. The...

Denel optimistic about turnaround

-
Denel’s Chief Financial Officer is cautiously optimistic that the defence conglomerate is turning around and headed for financial sustainability, with major restructuring underway at...

Denel lauds its artillery after long-range firings

-
Denel has praised the performance of its artillery systems after a demonstration at Alkantpan last week saw its G6 self-propelled howitzer fire out to...

Rheinmetall resets the range goal posts

-
At its long-range artillery capability demonstration on 6 November at the Armscor Alkantpan Test Range in the Northern Cape, Rheinmetall Denel Munition (RDM) and...

Overberg Test Range the only profitable Denel division

-
With a modest profit R3 million for the 2018/19 financial year, the Denel Overberg Test Range was the only Denel division not to make...

Denel confirms exit of aerostructures business

-
Denel has confirmed that it is exiting the aerostructures manufacturing business as a cost-saving measure, and is trying to mitigate job losses. Earlier this year...

Denel Aeronautics losing contracts

-
Apart from voluntarily exiting the Airbus A400M components contracts to cut costs, Denel Aeronautics has lost its contracts with GKN and HondaJet due to...

Liquidity constraints hurting Denel Vehicle Systems

-
Denel Vehicle Systems struggled with production in 2018/19 due to the liquidity crisis at Denel and posted a R217 million loss for the year. Revenue...

Denel Dynamics loss widens

-
Missile and unmanned aerial vehicle (UAV) solutions house Denel Dynamics nearly doubled its losses in the 2018/19 financial year to more than R400 million...

COMPANY NEWS

Check before you speak, Minister!

-
South African Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula needs to verify her facts before she speaks, or risk further embarrassment to the South...