Africa Aerospace & Defense 2014

Transatlantic strategic collaboration cemented [AAD142]

18 September 2014

Yesterday at AAD, Paramount Group and Boeing Defense Space and Security (BDS) reaffirmed the strategic partnership that was announced in July at the Farnborough air show. The agreement is aimed at future collaboration in a wide range of sectors, but notably those concerning key areas such as humanitarian aid, disaster relief, anti-poaching and border protection.

BDS’s Paul Oliver, vice president, international business development for Middle East Africa, noted that the agreement was not just about selling Boeing products and services in Africa, or acting as part of offset agreements, but represented an opportunity to open up new markets to Paramount. “We both get a broader portfolio,” he said.

“This is not just important for Paramount, but also for the South African defence industry,” said the group’s executive chairman, Ivor Ichikowitz. “It’s a great privilege to be selected as a partner [by Boeing]. Together we’re going to do remarkable things.”

Few details of what the partnership may ultimately produce have emerged, although Boeing’s rotorcraft and unmanned technology has been mentioned, as have Paramount’s land vehicles and aerospace systems. While various projects are being explored, there are already two specific projects, although no details have been released.

Asked if Paramount’s new multirole aircraft could form part of a project, Oliver replied, “We’re looking at AHRLAC. Everything is in play.”

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