Dec 19, 2017 SOURCE: © CTO Data Services Co.
ARMSCOR: LOCAL DEFENCE INDUSTRY IN DECLINE, BUT DIP PERFORMANCE IS ON TARGET
Armscor’s 2016/17 financial year saw “a significant and concerning decline” in the performance of the local defence industry, according to CEO Kevin Wakeford. On the other hand, the company exceeded its objectives in Defence Industrial Participation (DIP).
Armscor is currently managing twelve existing DIP agreements resulting from capital acquisition projects, a...
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