Paramount Group
Paramount Group is a Global Aerospace & Defence group of companies operating in the global defence, internal security and peacekeeping industries. Established in South Africa in 1994, it offers a range of military aircraft, armoured vehicles, maritime systems, equipment and training to governments.
| Company type | Proprietary company |
|---|---|
| Industry | Defence Aerospace Shipbuilding |
| Founded | 1994 |
| Founder | Ivor Ichikowitz |
| Headquarters | , |
Area served | Worldwide |
Key people | Steve Griessel (CEO) |
| Products | Combat systems, aircraft, helicopters, combat vehicles, boats, ships |
Number of employees | >3,000 |
| Website | www.paramountgroup.com |
Since 2006, Paramount Group has been expanding its presence in the aerospace sector. During 2011, the company unveiled the AHRLAC (Advanced High Performance Reconnaissance Light Aircraft), a long-range reconnaissance and surveillance aircraft; it is the first military fixed-wing aircraft to be designed and built indigenously in Africa. In 2013, Paramount Group acquired South African aerospace firm Advanced Technologies and Engineering (ATE); during the following year, it announced the acquisition of the South African aerospace company Aerosud, its primary partner on the ARHLAC. Both firms have been integrated into the group.