Denel, Air­bus sign agree­ment

SP's MAI - - CORPORATE -

Denel and Air­bus Mil­i­tary have signed an agree­ment with re­vised terms for man­u­fac­tur­ing air­craft com­po­nents on the A400M, in a de­vel­op­ment that will con­trib­ute sig­nif­i­cantly to the fi­nan­cial turn­around of the South African com­pany. The rene­go­ti­ated agree­ment was signed re­cently at a func­tion at­tended by the Pub­lic En­ter­prises Min­is­ter Malusi Gi­gaba, Se­nior Vice Pres­i­dent of Air­bus Mil­i­tary An­to­nio Ro­driguez-Bar­berán and the Chair­man of the Board of Denel SOC, N.R. Zoli Kunene.

Gi­gaba said the new agree­ment demon­strated the con­fi­dence of ma­jor global aero­space com­pa­nies in the abil­i­ties of the lo­cal man­u­fac­tur­ing sec­tor. “The re­la­tion­ship be­tween Air­bus and Denel takes us to an­other step fur­ther to­wards the growth of a fully-fledged South African aero­space in­dus­try.”

Group Chief Ex­ec­u­tive of Denel SOC Riaz Saloo­jee said the re­la­tion­ship with Air­bus po­si­tions Denel Aerostruc­tures (DAe) as an es­tab­lished sup­plier of high-tech air­craft parts and strength­ens South Africa’s po­si­tion in the global aero­space in­dus­try.

Air­bus Mil­i­tary Se­nior Vice Pres­i­dent Com­mer­cial, An­to­nio Ro­driguez-Bar­beran, said the agree­ment “re-af­firmed Air­bus Mil­i­tary’s com­mit­ment to South Africa and its in­dus­trial part­ners and sup­pli­ers in the coun­try.

“With pro­duc­tion of the A400M ramp­ing up ahead of the first de­liv­er­ies next year, it is com­fort­ing to know that we have a de­pend­able part­ner in DAe which can be re­lied upon to pro­vide top qual­ity work, on time and within bud­get,” he said.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.