DSA 2024: Malaysia Signs USD1.5 Billion Deals

Malaysia’s Ministry of Defence has signed as many as 40 deals valued at a total of USD1.5 billion at the DSA and Natsec 2024 exhibition. 17 of the agreements signed were Letters of Acceptances (LOA) valued at USD695 million, followed by 4 Letters of Intent (LOI) valued at USD385 million, 7 contracts worth USD400 million and 10 memoranda of understanding valued at 59 million.

Among the combined deal was 18 anti-tank guided weapons-medium range (ATGW-MR) from Turkiye and a new Air Surveillance Radar (ASR) and Air Traffic Management (ATM) system for the Royal Malaysian Air Force (RMAF). Meanwhile, more maintenance contracts for the Royal Malaysian Navy (RMN) armada were signed, including contracts with local shipyards to refit three RMN ships–KD Jebat, KD Perak, and KD Baung. Furthermore, the search for a contractor to conduct the in-service support contract for the two Prime Minister-class submarines in service, the two Scorpene submarines from France’s Naval Group–KD Tunku Abdul Rahman and KD Tun Abdul Razak.

One of the other LOI’s was between Global Turbine Asia and the ministry for the low pressure turbine (LPT) used by the RMAF Airbus A400M fleet worth USD82 million. Following that, a USD79 million LOI with BHIC Aeroservices for the in-service support of the Airbus H225M also in service with the RMAF.-shp/adj/dl (Pix:Malaysia MINDEF)