Armscor (Armaments Corporation of South Africa) is South Africa's state defense procurement agency, established in 1968 (as the Armaments Development and Production Corporation) to coordinate arms acquisition, notably during the apartheid-era UN arms embargo. In April 1992, Armscor's manufacturing subsidiaries were split off into a new state company, Denel, so that Armscor could focus solely on procurement/acquisition for the South African National Defence Force, resolving a conflict-of-interest between Armscor's roles as both manufacturer and buyer.
Identity changes, mergers, acquisitions, splits, and transferred business lines.
1 event
In April 1992, Armscor's manufacturing subsidiaries (over 15,000 employees, most production/R&D facilities) were split off into a new state company, Denel, so Armscor could focus solely on defense procurement, resolving a conflict-of-interest between Armscor's dual role as manufacturer and buyer for the South African Defence Force.