Zarbe Momin
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How much Phiran-1 has bought Pakistan.
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i thought India was involved in the project....didn't they sign an agreement with Brazil and SA for missile development?
Avibras chief executive Sami Hassuani believes an initial 100-200 units could be sold to international users, with Pakistan viewed as a prime candidate.
In December 2005, Indian Defence Minister Pranab Mukherjee revealed that India’s Ministry of Defence had issued a Request for Information (RFI) regarding all wheeled 155mm/52-caliber self-propelled artillery systems currently available on the international market. Indian artillery officials complained that Denel (as sole-source contractor) had elevated the unit price of each G6 Renoster to about $5.5 million, about $1.78 million above the weapon system’s usual unit price.
Further complicating matters were Indian allegations of corruption on the part of Denel. In May 2005, the Indian defense minister suspended all negotiations and business with Denel, pending an investigation by the Indian Central Bureau of Investigation (CBI). The suspension order and investigation left Denel’s participation in the Indian Army’s 155mm self-propelled howitzer program twisting in the wind.
Pretoria sought BRIC membership over 2010 and the process for formal admission began as early as August 2010. South Africa was officially admitted as a BRIC nation on December 24, 2010 after being invited by China and the other BRIC countries to join the group.
The armaments industry in South Africa receives a very small portion of their income from the government and are therefore dependant on exports.
Denel may be in line for another government bailout as the state-owned manufacturer of defence, aerospace and security products continues to rack up losses.
Talib Sadik, Denel's chief executive, on Friday said the group carried a debt of R1.9 billion, resulting in a R130 million interest burden in the year to March, and the group's balance sheet was weak.
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