Denel

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Denel SOC Ltd

Company type	State-owned enterprise
Industry	Aerospace and Defence manufacturing
Founded	1992
Headquarters	Centurion, City of Tshwane, Gauteng, South Africa
Area served	Worldwide
Key people	Michael Kgobe (CEO)[1] Carmen Le Grange (CFO)
Products	Missiles Cruise missiles Attack Helicopters Transport Helicopters UAVs Armoured vehicle turrets Glide bombs Artillery systems Ammunition
Revenue	R 2.729 billion (FY 2020)[2]
Operating income	R -1.5 billion loss (FY 2020)[2]
Net income	R -1.9 billion loss (FY 2020)[2]
Total equity	R 2.277 billion (FY 2020)[2]
Number of employees	3,137 (FY 2020)[2]
Parent	Government of South Africa
Website	denel.co.za

Denel SOC Ltd is a South African state-owned aerospace and military technology conglomerate established in 1992.^[3] It was created when the manufacturing subsidiaries of Armscor were split off in order for Armscor to become the procurement agency for South African Defence Force (SADF), now known as the South African National Defence Force (SANDF), and the manufacturing divisions were grouped together under Denel as divisions. It is the largest of South Africa's state owned arms companies. The company had been experiencing major financial problems since 2015 and in 2021 it was announced in Parliament that Denel was on the brink of insolvency. The company stated that its woes were due to declining local defence budgets, weakened relationships with key customers and suppliers, the inability to retain or attract skilled personnel, ongoing salary disputes and a Fitch ratings downgrade.^[4]