S.Africa targets bigger share of missile industry

South Africa is leading a network of developing countries, including Brazil and Turkey, aiming for a greater share of the multi-billion dollar missile industry dominated by Europe and the United States, a senior military official said on Wednesday.

"In 10 years time I predict that a significant percentage of the missile business in the developing world will be kept among themselves, with many of them getting their sourced technology from South Africa," said Jan Wessels, chief executive officer at South Africa's state-owned missile and guided weapons manufacturer Denel Dynamics.

"We will see as a percentage of the missile market the developing countries share possibly doubling to 20 percent, and importantly they are no longer buying from traditional suppliers but keeping the business among themselves," Wessels told Reuters in an interview on the sidelines of an African defence show.

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