Tags Arms

Tag: arms

Denel guns for R44bn in contracts

Denel guns for R44bn in contracts

South African state-owned arms manufacturer Denel looks to be back on the profitability track, with confirmed contracts in its order book already exceeding R21-billion, and prospects to the value of R44-billion currently being pursued.

Denel in the black after 10 years

After returning a profit for the first time in a decade, the state-owned arms manufacturer Denel looks set to turn the tide on financial losses and dependence on the government for capital.
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