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
-
US Army’s Precision Strike Missile moves into production phase after test successes
Lockheed Martin’s Precision Strike Missile (PrSM) is a next-generation surface-to-surface missile system and is a planned replanned replacement for MGM-140 Army Tactical Missiles System (ATACMS). It is to be fired from M142 High Mobility Artillery Rocket System (HIMARS) launchers.
-
Australia invests $1.4 billion in additional AMRAAM buy
Some of the missiles ordered can be used on the F/A-18F Super Hornet, EA-18G Growler and the F35-A Lightning.
-
German Army to receive third-generation Dingo protected patrol vehicles this year
More than 1,200 Dingo 1 and Dingo 2 models have been built and deployed by some 10 countries. The latest Dingo 3 pulls through from user inputs and, like earlier versions, is also based on a UNIMOG chassis.
-
Hungary’s Gamma Technical expands vehicle range
The company’s new variants of 4×6 and 6×6 vehicles are designed to be modular for a greater variety of missions and also flexibility at a subsystem level, for example transmission and engine.