Boeing and Paramount Group to collaborate on defence and security opportunities

The Boeing Company and Paramount Group, Africa’s largest privately owned defence and aerospace business, have signed a memorandum of collaboration to jointly develop defence and security opportunities in key international markets.

The agreement, signed during the bi-annual Farnborough Airshow, will allow Boeing and Paramount to apply their complementary strengths in providing aircraft and land systems solutions for customers in Africa and other major markets that face a range of security challenges. These include border security; heavy airlift of products and personnel across vast distances; coastal piracy and anti-poaching; and disaster and humanitarian relief as part of future coalition efforts.


Ivor Ichikowitz, Paramount Group Chairman (left), signs a memorandum of collaboration with Chris Chadwick, president and chief executive officer of Boeing Defence, Space & Security (right) at the Farnborough Airshow on July 15. The companies will collaborate on aircraft and land systems solutions for customers in Africa and other major markets

Platforms being explored under the collaboration include various Boeing rotorcraft, unmanned aerial systems and related support services, as well as Paramount’s leading portfolio of land vehicles and aerospace systems capabilities currently deployed around the world.

“Boeing and Paramount will be able to provide new or existing customers with a unique partnering of defence solutions and capabilities, including the retrofitting or refurbishment of existing platforms, systems integration, as well as training and maintenance support for any new acquisitions,” said Chris Chadwick, president and CEO of Boeing Defence, Space and Security.

“Together we will be able to offer African customers the full scope of defence and security needs from two global leaders in their respective fields.”

“Africa is one of the world’s fastest-growing markets for aerospace and defence equipment, and we are very pleased to be partnering with Boeing to combine our various capabilities to better serve our customers in Africa and elsewhere,” said Ivor Ichikowitz, Paramount Group chairman.

“Paramount has extensive world-class design, development and manufacturing capability in Africa, which we consider to be an asset of the continent. It has for many years been our policy to identify best-of-breed partners to collaborate with in growing our African capability.”

For further information visit the Paramount Group website on