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Paramount Group
Paramount Group is a South African aerospace and defense group, operating in the global internal security and peacekeeping industries. Established in 1994, it offers a range of military aircraft, armored vehicles, maritime systems, equipment, and training to governments.
Paramount Group was established by South African entrepreneur and industrialist Ivor Ichikowitz in 1994; its headquarters were established in Sandton, South Africa. During its initial years of operation, the company largely focused itself on the development and production of ground-based systems.
During 2006, Paramount Group began developing its own portfolio of aerospace products, acquiring a number of surplus South African Air Force (SAAF) Dassault Mirage F1s that same year.
Operated by its subsidiary, Paramount Aerospace Systems, the Mirage F1 fleet has been expanded over the years and is used for purposes such as providing aerial aggressor and ground crew maintenance training services to government customers. During 2009, Paramount Group purchased a 19% stake in the South African aerospace company Aerosud.
During February 2011, Paramount Group announced the launch of a joint venture with Abu Dhabi - based defence business International Golden Group for the latter market and distribute Paramount Group’s products and services in the United Arab Emirates.
In September 2011, the company unveiled a new project, the AHRLAC Holdings Ahrlac (Advanced High Performance Reconnaissance Light Aircraft), a versatile low-cost aircraft designed for light attack and reconnaissance missions. The development programme was originally structured as a joint venture between Aerosud and Paramount Group. While originally intended as an alternative to unmanned aerial vehicles (UAVs), the company subsequently decided to develop an unmanned variant of the AHRLAC as well.
During December 2011, the UK national newspaper The Daily Telegraph reported that the Paramount Group's Wikipedia article had been edited by accounts linked to the controversial public relations company Bell Pottinger.
On 10 June 2013, Paramount Group announced that their takeover of Advanced Technologies and Engineering (ATE) was at an advanced stage. ATE had been operating under a business rescue plan for some time before Paramount decided on the takeover.
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Paramount Group
Paramount Group is a South African aerospace and defense group, operating in the global internal security and peacekeeping industries. Established in 1994, it offers a range of military aircraft, armored vehicles, maritime systems, equipment, and training to governments.
Paramount Group was established by South African entrepreneur and industrialist Ivor Ichikowitz in 1994; its headquarters were established in Sandton, South Africa. During its initial years of operation, the company largely focused itself on the development and production of ground-based systems.
During 2006, Paramount Group began developing its own portfolio of aerospace products, acquiring a number of surplus South African Air Force (SAAF) Dassault Mirage F1s that same year.
Operated by its subsidiary, Paramount Aerospace Systems, the Mirage F1 fleet has been expanded over the years and is used for purposes such as providing aerial aggressor and ground crew maintenance training services to government customers. During 2009, Paramount Group purchased a 19% stake in the South African aerospace company Aerosud.
During February 2011, Paramount Group announced the launch of a joint venture with Abu Dhabi - based defence business International Golden Group for the latter market and distribute Paramount Group’s products and services in the United Arab Emirates.
In September 2011, the company unveiled a new project, the AHRLAC Holdings Ahrlac (Advanced High Performance Reconnaissance Light Aircraft), a versatile low-cost aircraft designed for light attack and reconnaissance missions. The development programme was originally structured as a joint venture between Aerosud and Paramount Group. While originally intended as an alternative to unmanned aerial vehicles (UAVs), the company subsequently decided to develop an unmanned variant of the AHRLAC as well.
During December 2011, the UK national newspaper The Daily Telegraph reported that the Paramount Group's Wikipedia article had been edited by accounts linked to the controversial public relations company Bell Pottinger.
On 10 June 2013, Paramount Group announced that their takeover of Advanced Technologies and Engineering (ATE) was at an advanced stage. ATE had been operating under a business rescue plan for some time before Paramount decided on the takeover.