ID :
166327
Mon, 03/07/2011 - 15:42
Auther :
Shortlink :
https://oananews.org//node/166327
The shortlink copeid
DEFTECH SECURES US$2.52 BLN CONTRACT TO SUPPPLY ARMOURED VEHICLES
KUALA LUMPUR, March 7 (Bernama) -- DRB-Hicom Defence Technologies Sdn Bhd (DEFTECH) has secured a RM7.55 billion (US$2.52 billion) contract from the government to supply armoured vehicles.
In an announcement to Bursa Malaysia (Malaysia's stock exchange) Monday, Deftech said it would design, develop, manufacture, commission, supply and deliver 257 units comprising 12 variants of the 8 x 8 armoured wheeled vehicles.
DEFTECH via the seven-year contract, which begins this year, would spur and enhance the growth of the economy through an economic enhancement programme.
It will consist of the transfer of advanced defence technologies from technological partners and original equipment manufacturers, research and development as well as local vendor development.
The contract would not have any material effect on the earnings, gearing and net assets of the parent company, DRB-HICOM Group, for the financial year ending March 31, 2011.
In an announcement to Bursa Malaysia (Malaysia's stock exchange) Monday, Deftech said it would design, develop, manufacture, commission, supply and deliver 257 units comprising 12 variants of the 8 x 8 armoured wheeled vehicles.
DEFTECH via the seven-year contract, which begins this year, would spur and enhance the growth of the economy through an economic enhancement programme.
It will consist of the transfer of advanced defence technologies from technological partners and original equipment manufacturers, research and development as well as local vendor development.
The contract would not have any material effect on the earnings, gearing and net assets of the parent company, DRB-HICOM Group, for the financial year ending March 31, 2011.
