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defenceWeb Written by Guy Martin - A Rooivalk hovers outside Denel s premises in Kempton Park. 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 annual report, exiting Denel’s aerostructures manufacturing business, which was expected to be largely concluded by the end of July 2020, resulted in an annualised savings benefit of R260 million. As part of the exit and winding up of Denel Aerostructures, the Ribs Spars and Sword work package for the Airbus A400M Atlas transport was successfully transferred in September 2019, along with two work packages for other customers.

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