South Africa-based defence and aerospace manufacturer Paramount Group has moved deeper into Ukraine’s defence market after a Ukrainian-configured armoured vehicle linked to its Mbombe 4 platform was approved for use by the Armed Forces of Ukraine.
Paramount Industries Innovation Systems Greece, the European arm of the Midrand-headquartered defence group founded by South African entrepreneur Ivor Ichikowitz, said Ukraine’s Ministry of Defence had formally codified and approved the MAC OWL, or Sova, armoured vehicle for military service.
The approval marks the latest step in Paramount’s Ukraine push, coming months after Business Insider Africa reported in February that the South African company was seeking to establish a presence in Ukraine’s rapidly growing armoured vehicle market.
Crucially, the expansion is being spearheaded by Paramount Greece, the company’s European subsidiary operating through Paramount Industries Greece S.A., a structure that positions the South African-founded group within European and NATO-linked defence markets.
A Ukraine-Adapted Mbombe Variant
