DENEL'S PMP RECEIVES R93 MILLION EXPORT ORDER
2 Dec 2010
The Pretoria-based PMP began manufacturing brass cups and discs for BAE Systems in 2001, and has since supplied more than 2,4 billion components in more than 350 weekly shipments. Brass cups and discs are the basic components from which small and medium caliber ammunition are manufactured.
“This latest follow-on order is for the deliveries in 2011. In addition to ensuring the retention of skills and jobs at PMP’s Brass plant, this export contract also increases PMP’s foreign exchange earnings”, explained PMP Chief Executive Officer, Mr Carel Wolhuter.
PMP’s successful partnership with BAE Systems is a fruit of the UK company’s activities in fulfilling its Industrial Participation offset obligation tied to South Africa’s purchase of Hawk and Gripen aircraft for the S A Air Force.
The South African-manufactured brass components are shipped weekly to Global Combat Systems Munitions at Radway Green in England in 40 – 60 ton batches.
Global Combat Systems Munitions’ Procurement Director, Mr Mark McIntyre said: “PMP has proven to be a reliable and strategic supplier in a business where on-time deliveries and the highest quality of manufacturing standards are absolutely critical. BAE Systems is also excited that its offset partnership activities with the Denel Group and others have been a catalyst for positive change and development in South Africa’s defence industry”.
Mr Talib Sadik (Chief Executive Officer of the Denel Group) congratulated PMP and BAE Systems on finalizing this follow-up contract. He says that it is a further milestone in ensuring stable financial performance by PMP, and ensures the retention of close to 200 jobs at PMP’s Brass Plant.
About PMP
PMP is situated on the western side of Pretoria and is one of the Denel Group’s largest entities. It is one of the world’s largest producers of ammunition for small military and commercial weapons, and medium caliber ammunition for rapid fire cannons on aircraft, land based vehicles, navy vessels and anti-aircraft systems. It also manufactures ammunition primers, boosters and detonators, drillbits for the mining industry, commercial explosives as well as aircraft escape systems and cutting charges.
About BAE Systems
BAE Systems is a global defense, security and aerospace company with approximately 107,000 employees worldwide. The Company delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. In 2009 BAE Systems reported sales of £22,4 billion (US$36,2 billion).
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