Paramount Group has signed a joint venture with AirTech Services Corporation of Azerbaijan 1109145
- Posted On
Official Online Show Daily News
1st Azerbaijan International Defence Industry Exhibition
11 - 13 September 2014
Paramount Group at ADEX 2014
|Thursday, September 11, 2014 05:18 PM|
|Paramount Group has signed a joint venture with AirTech Services Corporation of Azerbaijan.|
Paramount Group, Africa’s largest defence and aerospace business has signed a joint venture agreement with AirTechServices Corporation, a leading aaerospace organization in Azerbaijan, in a move that will see the establishment of manufacturing capabilities for the modernisation and enhancement of helicopter and fixed wing aircraft platforms.
Scale model of modernized version of Mi-24 helicopter at ADEX 2014 Paramount Group booth, International Defense Industry Exhibition in Baku, Azerbaijan.
The newly created aerospace company, Paramount Aerospace Azerbaijan which was announced at the Azerbaijan Defence Expo (ADEX) in Baku signals an important milestone in the continuing growth of the defence industrial capability in Azerbaijan. The joining of these two companies has created a strong force which positions it as a leader in cutting edge aerospace technologies in the region giving it the advantage of manufacturing, upgrading and integrating various capablities across a range of helicopters and fixed wing aircraft platforms, including Mi-17, Mi-24 helicopters, SU-25 and MiG-29 aircraft.