US Department of State Rescinds Statutory Debarment for Armscor and Denel

Summary

The US Department of State has lifted the statutory ban on the Armaments Corporation of South Africa Ltd. (Armscor) and the Denel Group (Pty) Ltd. (Denel), allowing them to apply for export and retransfer authorizations under the Arms Export Control Act. This decision follows a review of the companies' eligibility under the Act.