 Aerosud Aerospace was renamed Paramount Aerospace following its acquisition by Paramount Group and Aerosud Innovation and Training Centre (ITC) was incorporated in the AHRLAC Holdings Ahrlac of companies during a 2014 restructuring.Aerosud was formed during 1990 by a number of former employees of the Atlas Aircraft Corporation, including several key designers of Denel Rooivalk attack helicopter and similar leading engineers involved in the Atlas Cheetah fighter program (A locally-developed upgrade of the Dassault Mirage III fighter).One designer Paul Potgieter, became the company's managing director.