 The development of the Rooivalk, which could be Denel's most profitable project, also threatens to result in its largest loss ever.The following divisions form part of Denel


Companies part-owned by Denel.In 2004 Denel CEO Victor Moche informed parliament that the company was near bankruptcy after suffering a loss in the financial year 2003/4 of R358 million contributing to a mounting company debt of R1 billion.