# Paramount Aerospace Industries acquires AHRLAC manufacturer ADC

Paramount Aerospace Industries has acquired the businesses and assets of Aerospace Development Corporation (ADC), the manufacturer of the AHRLAC aircraft, as part of a business rescue plan. The factory at Wonderboom Airport is operational and manufacturing is being ramped up.

- Type: Acquisition
- Announced: 2020-11-17
- Where: Wonderboom Airport, Johannesburg, South Africa
- Jobs: 85
- Status: completed
- Products: AHRLAC aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Paramount Aerospace Industries](https://endata.com/companies/49189.md) (acquirer)
- [Aerospace Development Corporation](https://endata.com/companies/49190.md) (target)

## Sources

- [defenceweb.co.za](https://defenceweb.co.za/company-zones/paramount/PressRelease.php?StoryID=109789), 2020-11-17: "This is great news for the future of the aircraft, for Paramount, for the South African Aerospace industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.