July 18, 2026

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Exclusive: Saudi Makes $1 Billion Bid for Partnership With South Africa Defense Group Denel

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Exclusive: Saudi Makes $1 Billion Bid for Partnership With South Africa Defense Group Denel

Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany’s Rheinmetall, a source familiar with the offer sa…

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