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
-
DSEI 2025: ARX Robotics unveils combat version of Gereon UGV
Combat Gereon uncrewed ground vehicle (UGV) will be unveiled with Valhalla Turrets’ Loki remote-controlled weapon station, showcasing modular payload integration and full interoperability within ARX’s Mithra operating system-enabled ground fleet.
-
Digital backbone: bringing new capabilities to the UK defence market
In Conversation: Shephard’s Gerrard Cowan talks to Bittium’s newly appointed general manager for UK defence, Dean Aldridge, about how the company’s tactical communications technologies can empower the British armed forces, and its ambitions for the UK market.
-
Lockheed Martin demonstrates Spike and is selected for next stage of US Army requirement
The Spike non-line-of-sight (NLOS) missile is used by several countries as an air-launched weapon but the recent trials were ground-launched from a vehicle and involved three shots.