Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

BAE Systems will buy 30% stake in Denel

South Africa

According to local sources, the South African government has agreed to sell a 30% stake of its national defence industry Denel Aerospace and Ordnance to British company BAE Systems PLC. The value of the acquisition is about USD36.8m. The South African state will retain a 70% stake while considering further options, including an employee incentive scheme, future black empowerment...

AVIONEWS - World Aeronautical Press Agency - 28315
Rome, Italy, 05/17/2002 12:42
AVIONEWS - World Aeronautical Press Agency

Similar

AirlinesKorean Air becomes new A-350F airplane customer

Following the conversion of its existing passenger aircraft orders to the freighter

Korean Air has become a new customer for the large freighter, following the conversion of seven of its existing A-350/1000 passenger aircraft orders to the A-350F.The A-350F features the largest main deck... more

AirlinesVietjet finalises order for 100 A-321neo aircraft

Converted its MoU signed in June

Vietjet, Vietnam’s largest private airline, has converted its Memorandum of Understanding (MoU) signed in June, into a firm order for 100 A-321neo aircraft (see AVIONEWS). The finalisation of this co... more

AerospaceItalian Minister Urso (Mimit) met the president of the French space agency

Several key topics at the center of the meeting

The strategic cooperation between Italy and France ahead of the ESA (European Space Agency) ministerial in Bremen (26-27 November 2025), and the coordination to define the agency’s priorities and resources, t... more