Military Africa
  • Contact
  • Services
  • About
    • Our Amazing Team
    • Terms and Conditions
    • Disclaimer
    • Cookies Policy
    • Advertising Policies
    • Privacy Policy
  • SUPPORT MILITARY AFRICA
Wednesday, March 22, 2023
Advertisement
  • Magazines
  • Advertise
  • Press Release
No Result
View All Result
  • Magazines
  • Advertise
  • Press Release
No Result
View All Result
Military Africa
No Result
View All Result
Home Defence Industry

Paramount Group to set-up arms facilities in MENA, signs agreements

Military Africa by Military Africa
February 26, 2019 - Updated on May 31, 2019
in Defence Industry
Reading Time: 2 mins read
Share on FacebookShare on Twitter
ADVERTISEMENT

South African defense company Paramount Group would sign agreement with four (up to seven is speculated) African government to establish arms production facilities.

The company which has previously commissioned various manufacturing and production facilities to meet demand from specific domestic markets before, including in India, Jordan, and Kazakhstan.

A further three agreements making it seven could be signed in southern Africa in two years’ time in the next 10 months that covers all our activities in air, land and sea.

Advertisements

You Might Also Like

Despite war, Russia overtakes China as major arms supplier to Sub-Saharan Africa

NASENI begins weapons development, seeks international partnerships

IDEX 2023: Russia displays Sprut SDM1 Light Tank armed with 125 mm gun

“Africa really is innovative,” Paramount Group’s CEO Ivor Ichikowitz said during the IDEX held in Abu Dhabi. Ichikowitz also said that in the Middle East “there are substantial agreements close to finality” however, he refused to comment on specifics.

“There is a huge amount of skill. There is a huge amount of human capital on the African continent that makes what we are planning to do very achievable.”

The company manufactures military vehicles, aircraft, ships, and weapons systems. It is also interested in working with governments on software, cyber security, and artificial intelligence, Ichikowitz said.

ADVERTISEMENT

“We would implement long-term training, long-term capacity creation programs which would ultimately put us in a position where we are building a domestic defense industry in that country.”

Paramount Group launched a 4×4 version of its Mbombe armored personnel vehicle, which Ichikowitz said had been designed for the operational requirements of Middle East countries.

Paramount Group to focus on MENA region

Mena countries are a big focus for the company and much of its product development is based on specifications from clients in the region.

“We’ve seen a lot of our growth coming from Mena,” he said. “A lot of our product is evolving based on current operational requirements from the region.”

The current geopolitical situation has enhanced the prospects for the South African company to compete, he said.

“It’s allowed companies like us to shine,” he said. “We’re finding we’re in a more level playing field.”

“Absolutely it remains a big focus for us, it’s a niche we’re able to fill, and we will continue to pursue that to conclusion,” he said. “We are talking to governments about all our capabilities.”

Recommended posts

Tags: ParamountSouth Africa

Join 154,765 others in receiving our trusted defence news

Unsubscribe

Related News

4 SA infantry brigade sandf Jungle Warfare Training Orientation Exercise MADULO.

4 SA Infantry Battalion (TF Charlie) prepares to head out to DRC

March 16, 2023
Mako Marine also offers rigid hull inflatable boats (RHIBs) for military applications, which are ideal for things like harbour patrol, fisheries enforcement, interception

Mako Marine delivers inflatable boats to Mozambique

March 13, 2023 - Updated on March 14, 2023
Mwari is a two-crew C4ISR, F3EAD and precision strike aircraft, capable of carrying a wide range of weapons, sensors and systems in extended airborne mission operations.

Mwari is set to get weapons integration as delivery continues

March 11, 2023
Members of the South African Air Force can be seen flying a Oryx military helicopter as they participate in a military exercise called exercise Seboka at the Aasvoelkop training field in the Northern Cape, South Africa, 25 September 2014.The army held the training exercise to demonstrate its readiness to effectively deploy when commanded. Picture: IHSAAN HAFFEJEE

Financial woes continue to imped South African military’s readiness

March 4, 2023 - Updated on March 6, 2023
ADVERTISEMENT
Angola will be the new user of AKSUNGUR Armed Unmanned Aerial Vehicle (UCAV), developed by Turkey, Ömer Yıldız, Deputy General Manager of TUSAŞ UAV Systems said to CNN TÜRK last week. He also stated that 8 AKSUNGUR UAVs have been produced so far.

This state-of-the-art Aksungur unmanned aerial vehicle (UAV) has been specifically designed for the purpose of providing aerial surveillance and reconnaissance, as well as the potential to carry out targeted strikes.
Load More... Subscribe

Facebook

ADVERTISEMENT
No Result
View All Result
  • Magazines
  • Advertise
  • Press Release

© 2022 Military Africa

Go to mobile version