THE CEO of defence equipment manufacturer Paramount has come out in support of the Zuma administration for its defence policies, saying unlike the previous government its local procurement will catapult the sector to a global level.
The comments by Ivor Ichikowitz come amid the military’s procurement of 280 armoured vehicles for the army. The R8bn Badger programme is expected to create 2,000 jobs in South Africa, including 200 at Denel Land Systems, which is to supply the vehicles. The armoured vehicles are to be delivered next year.
Knowledge eParamount CEO Calls for Technology Transfer to UAExchange and technology transfer between Africa and the UAE is paramount in developing local defence and aerospace capabilities, as discussed during the first panel session on the second day of the Global Aerospace Summit that took place in Abu Dhabi this past week.
Ivor Ichikowitz, CEO: Paramount on the growing demand in Africa for aerospace products.
9 April 2014, Abu Dhabi, United Arab Emirates
Paramount Group, Africa’s largest privately owned defence and aerospace business will play a key role at the world’s most important gathering of defence, aerospace and aviation leaders in government, military and business at the second Global Aerospace Summit, taking place from 7-8 April in Abu Dhabi.
Ivor Ichikowitz, Paramount Group Founder and Executive Chairman is a key speaker at the Summit and will participate in a panel of top industry leaders including the Presidents and CEOs of Thales, BAE Systems, Northrup Grumman and Raytheon to debate the topic, “Can investment in aviation, aerospace, space and defence industries act as a catalyst for industrialisation.”