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ARMSCOR

   Also found in: Wikipedia 0.01 sec.
AcronymDefinition
ARMSCORArmaments Corporation of South Africa


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Much like the banks who funnelled finance to state-owned entities such as the parastatal arms manufacturer Armscor, Daimler is also accused of directly collaborating with Armscor by purchasing shares in the state-owned Atlantis Diesel Engines (ADE), whose main client was the South African army, as well as 56% capital stock in Allgemeine Elektizitatsgesellschaft (AEG), used to monitor the movement of black people.
Firstly, we will complete the transformation of Armscor during this period.
Denel, under a multi-billion Rand contract awarded by South Africa's defence acquisition agency Armscor, is slated to develop the new South African Army's family of armoured vehicles to replace the current Ratel.
 
 
 
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