Denel in top 100 defence manufacturers
August 11, 2015 at 08:32pm
By ANA Reporter
Cape Town – South Africa’s state-owned defence and technology company Denel has been ranked
among the top 100 global defence manufacturers, the company announced on Tuesday.
Denel’s inclusion among the world’s
top 100 defence manufacturers, at
No 100, was announced by the
international publication, Defense
News, which ranked the companies
based on an analysis of their
revenue achieved during the 2014
financial year. Denel saw its revenue
grow over the past four years from
R3.2 billion in 2011 to R4.6 billion in
2014.
“This is the first time that Denel has
entered the global top 100 list in the
company’s history,” said Denel
Group Chief Execuitive, Riaz Saloojee
in a statement.
The company was, according to the
ranking, now the second largest
defence manufacturer in the southern hemisphere – right behind the Brazilian aerospace
conglomerate, Embraer, which occupies the 55th position on the global list. In addition, Denel’s 17%
growth in revenue also placed it 13th on the list of companies in terms of year-on-year growth.
Delighted at the news, Saloojee said: “As a state-owned company our primary focus is to ensure the
strategic independence of the South African National Defence Force and enable it to protect the
country’s territorial integrity and participate in peacekeeping operations on the continent.”
Since the results of the ranking was announced, Denel has seen a further 28% increase in its revenue
for the 2014/2015 financial year. A 34 percent surge in exports helped the company to see revenues
leap up to R5.85 billion in March this year.

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