Paramount Group represents Africa at Global Aerospace Summit


Paramount Group, Africa’s largest privately-owned defence and aerospace business, will play a key role at the world’s most important gathering of defence, aerospace and aviation leaders in government, military and business at the second Global Aerospace Summit, taking place from 7-8 April in Abu Dhabi.

Ivor Ichikowitz, Paramount Group founder and executive chairman, is a key speaker at the summit and will participate in a panel of top industry leaders including the presidents and CEOs of Thales, BAE Systems, Northrup Grumman and Raytheon, to debate the topic: “Can investment in aviation, aerospace, space and defence industries act as a catalyst for industrialisation?”

Ichikowitz is the only speaker representing the African continent at the Global Aerospace Summit.

“Paramount’s key role at the Global Aerospace Summit is an important milestone for Africa’s aerospace industry. For the first time ever, Africa is acknowledged as a global aerospace player and taking its rightful place in this exclusive club. We are honoured to be invited to participate in such a prestigious forum to share the groundbreaking innovations that are taking place in Africa. Innovations which will have a significant impact on the African economy and the global aerospace industry,” says Ichikowitz.

“There are many exciting developments in Africa’s aerospace industry – from Africa’s first locally designed and developed fixed wing aircraft, to groundbreaking innovations in aerospace manufacturing, we are continuing to surprise the world with the unique capabilities and skills that our continent has to offer,” Ichikowitz added.

As one of Africa’s leading industrialists and thought leaders on the role that the defence and aerospace industries play in driving industrialisation, Ichikowitz will bring unique insights from a developing world perspective by addressing the following issues:

* The reasons why Africa and the developing world need strong defence and aerospace industries;
* The changing role of the developing world in the global aerospace industry; and
* The extent and significance of the partnerships that can be forged by the developing world in its quest for industrial partnerships.

This main session of the summit will look at whether an investment in aerospace, space and defence industries can be used to kick-start industrialisation, and will examine the role of international partnerships in this process. The panel will also discuss how best to build a sustainable industry that delivers long returns and builds term on existing strengths – creating new capabilities. The discussion will focus on themes such as effective government policy and offset regulation.

Paramount Group is Africa’s largest privately-owned defence and aerospace business with operations across defence, aerospace, naval systems and electronic systems. The group’s businesses in South Africa manufacture hi-tech components for global aerospace giants like Boeing and Airbus.

Paramount Group is currently building Africa’s first ever aircraft – AHRLAC – which is a surveillance and reconnaissance aircraft ideal for the military requirements of the Middle East and the rest of the world. Paramount is the largest shareholder in Aerosud, which is also a strategic risk-sharing partner in the new Airbus A400M military transport aircraft. Part of Paramount’s offering is the modernisation and enhancing of mission capabilities of fixed wing and rotary aircraft for Mirage F1, BAE Hawk, Russian helicopters Mi 17, Mi 24 and Eurocopter. Paramount also produces its own range of world-class unmanned aerial systems.

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