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News - Financial

Defense Engineering Industry Corporation (DEIC) to take-over two industrial complexes previously under the Ethio Engineering Group (EEG)

May 14, 2025

DEIC to take control of Bishoftu Automotive Engineering Industry and High Tech Engineering, both of which were previously under EEG.
When the Council of Ministers established the Corporation in 2020, the rights and obligations belonging to Gafat Armament, Homicho Ammunition, Dejen Aviation Engineering Industries, and a fuel and propellant processor were transferred to it.