BAE to sell South African business to Denel
BAE Systems’ Land Systems South Africa (LSSA) business is to be sold to Denel for 855 million Rand ($80.2 million) in the fourth quarter of 2014, it has been announced.
In a statement released on on 11 August, BAE Systems’ head office stated that an agreement for the proposed sale of its holding in LSSA had been reached with South Africa’s state-owned defence manufacturer, Denel.
This is good news for Denel, which now has an armoured vehicles manufacturing plant to take over, which is one of LSSA three main business units including Olifant Manufacturing Company (OMC); BAE Gear Ration; and
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Levelling up – how autonomous fire control tackles unmanned lethality head-on]()
Levelling up – how autonomous fire control tackles unmanned lethality head-on
As autonomous weapon systems proliferate, it is now essential to use the same core technologies to counteract and neutralise them.
-
![US Marine Corps force transformation on track, according to update]()
US Marine Corps force transformation on track, according to update
The US Marines Corps’ Force Design 2030 is about restructure, changes to operational concepts, a refresh of equipment and new categories of equipment. The review indicates a high level of success.
-
![BAE Systems Hägglunds’ CV90120 medium tank takes shape]()
BAE Systems Hägglunds’ CV90120 medium tank takes shape
The new vehicle will be based on the CV90 Mk IV chassis and turret, and will be armed with a Rheinmetall 120mm L44A1 low recoil smoothbore gun.
-
![UK government argues strife has little impact on steel supply but imports reign]()
UK government argues strife has little impact on steel supply but imports reign
Speaking in the UK Parliament, Defence Minister Luke Pollard said possible changes in the country’s steelmaking industry will have little impact on defence projects; while much of the steel in British vehicles and ships is imported.
