Rotorcraft News

Moderate loss for Denel Aeronautics in last financial year

Denel Aeronautics recorded a R61 million loss in the 2019/20 financial year on revenue of R770 million. For the previous financial year, the division made a R17 million profit, according to the latest Denel annual report. Exiting the aerostructures business is set to save Denel hundreds of millions of rands per year. According to the […]