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Thursday, December 3, 2009

RM3.4 Billion Worth Of Contracts Sealed At Second Day Of LIMA

LANGKAWI, Dec 2 (Bernama) -- The Langkawi International Maritime and Aerospace Exhibition (LIMA 2009) saw RM3.4 billion worth of contracts sealed at the second day Wednesday.The deals were between the Malaysian government and private sector companies both foreign and local, as well as between local and foreign companies. Prime Minister Datuk Seri Najib Tun Razak witnessed the signing of all the deals.

The government, through the Defence Ministry (MINDEF) signed seven memoranda of agreements and a memorandum of understanding (MoU) with four local companies namely Boustead Naval Shipyard Sdn Bhd, Aerotree Defence and Services Sdn Bhd, Ikramatic Synergy Sdn Bhd and Star Fest Sdn Bhd and three foreign companies.The foreign companies were MBDA France, DCNS France and SAAB Avitronics of South Africa."The contract with the local companies is worth RM949.6 million for training simulators, spares and missile systems upgrade while the foreign companies contracts were worth RM321.3 million," said the Defence Ministry in a statement issued here. Meanwhile, the MoU signed was for cooperation in the Malaysian Defence and Security Technology Park in Sungkai, Perak between MINDEF and Masterplan Consulting Sdn Bhd.

The contracts between local and international companies meanwhile involved two contracts, one memorandum of agreement and three MoU. The value of these contracts amounted to RM2.2 billion.One of the deals involved Composite Technology Research Malaysia Sdn Bhd securing contracts worth over RM1 billion from Spirit AeroSystems (Europe) Ltd, which among others was for the manufacture and supply of wing composites components for Airbus A350XWB.


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