defenceWeb Written by Guy Martin - Denel is delivering 12 ex-SAAF Cheetahs to the United States. When Denel finally published its 2019/20 annual report on 1 February the biggest news was its R1.952 billion net loss, but the company also highlighted progress on missiles, unmanned aerial vehicles and vehicle exports. Former Interim Group CEO Talib Sadik noted that during 2019/20 Denel’s business divisions recorded several highlights. Denel Dynamics’ Cheetah counter rocket, artillery and mortar (C-RAM) missile development work for the year was successfully completed with the conclusion of the System Requirements Review. In addition to the approval of the system and subsystem requirement specifications, a programme management baseline was also reviewed and accepted.