South African state owned aerospace and defence technology conglomerate, Denel SOC Ltd, has posted a net profit of USD7.33million (ZAR71million) for its most recent 2012/13 financial year, buoyed by a 10% increase in revenue - thanks in part to an increase in demand for its products in Africa, the Middle East, Asia-Pacific and South America - a restructuring of its debt and a reduction in its expenditure.
Thursday, July 25, 2013
Thursday, July 18, 2013
Airbus Military has delivered one of its CASA/IPTN CN-235 medium-range transport planes to the Cameroon Air Force. The handover makes Cameroon the sixteenth sub-Saharan nation to operate the Airbus Military family of aircraft.
Wednesday, January 16, 2013
Airbus Military has received an order for six additional Casa C295 transport aircraft from the Egyptian Air Force, bringing the Egyptian Air Force’s C295 fleet to a total of 12 aircraft. This third batch of aircraft plus the associated spares and support equipment, training and field support are to be delivered from the end of 2013 onwards.