Deals Worth RM4.2 Billion Signed At LIMA ‘13

  • Our Bureau
  • 01:32 PM, March 28, 2013
  • 2245
  • 1

Malaysian Defence Minsiter Ahmad Zahid Hamidi today announced that his country has signed 24 deals worth RM4.2 billion have been signed between the ministry, local and international defence firms at the Langkawi International Maritime and Aerospace Exhibition (LIMA 2013). 

He said these include six government contracts, three letters of acceptance by the ministry, 11 Memorandums of Agreement (MoAs) and four Memorandums of Understanding (MoUs). 

"These deals are aimed at strengthening the country's defence industry and creating places for European firms at the Malaysian Defence & Security Technology Park (MDSTP) in Sungkai, Perak," he told a media conference after witnessing the signing of agreements and contracts between the ministry and several defence companies here today. 

The deals were signed with Onetti Aircraft Supports SpA (collaboration in avionic services), GEM Elettronica Srl (cooperation in manufacture and repair of marine radar), Selex ES SpA (cooperation in cyber security and pilotless aircraft) and between University of Genoa and Universiti Teknologi MARA (establishing a centre of excellence, engineering degree in defence aerospace, green technology and student exchange programme). 

MDSTP also signed deals with CSF Advisers Sdn Bhd (buidling a data centre); Duromac (M) Sdn Bhd (maintenance of 8x6 and 8x8 trucks); Armscor and Artimal De System Sdn Bhd (developing weapon systems and weapon test facilities); IDS Ignegneria Dei Sistemi SpA (defence technology solutions); and a RM580 million contract with Khadra Ventures Sdn Bhd (centralised cooling system and thermal energy storage at MDSTP). 

Also Read

DCNS To Exhibit Anti-Piracy, Anti-Submarine Combat Management Systems During LIMA 2015

March 13, 2015 @ 12:59 PM
FEATURES/INTERVIEWS