LIMA 2005 Sees RM4 Bln Worth Of Contracts Through
December 10, 2005 18:14 PM
LANGKAWI, Dec 10 (Bernama) -- The Langkawi International Maritime and Aerospace (LIMA) exhibition 2005 witnessed the signing of contracts worth RM4 billion, a significant jump from what was achieved in LIMA 2003.
Deputy Prime Minister, Datuk Seri Najib Razak said that the amount included defence contracts worth RM3.2 billion, Letters of Offer worth RM403 million and Letters of Intent worth RM344 million.
Speaking to reporters here, he said that the agreements made between private companies, encompassing local companies and original equipment manufacturers (OEM) from overseas, contributed RM900 million.
During LIMA 2003, contracts and memoranda of understanding reached a worth of RM1.14 billion throughout the six days the event was held.
Najib, who is also Defence Minister said that a major portion of the contracts sealed this time was related to the purchase of A400M aircraft for the Royal Malaysian Airforce which amounted to RM2.8 billion including the equipment.
He said that the purchase of the A400M had countervailing benefits as the the country, through Composites Technology Research Malaysia Sdn Bhd (CTRM), has obtained an industrial work package of almost equivalent value of the aircraft.
He said that the benefit from the industrial work package would be received next year, which would be much earlier than the delivery of the aircraft in 2013.
"With this, we would benefit from the contract as it would meet not only the needs of the military force but also the development of the aerospace industry, particularly the composite technology and CTRM would emerge as a leading producer of composite in the world as it supplies composite parts to the A380, A400M and several other aircraft," he said.
This is a very encouraging development for the country's composite industry besides opening up job opportunities for the youths in the country in this high technology industry, he said.
Najib also expressed satisfaction with the achievements of LIMA 2005 and commended the positive feedback received from the exhibitors who took part in the event.
He said that although there had been a decline in the number of aircraft exhibitors who participated and visitors to the event compared with 2003, many of them who attended were those who in the decision making capacity.
Saturday, Najib witnessed the signing of three defence contracts between the Government and Zetro Services Sdn Bhd, Rohde & Schwarz GMBH & Co KG and PT Dirgantara Indonesia (PERSERO) for services and equipment to be used in the military.
Zetro would be supplying two units of Air Monitoring Radar for the airforce in Kuantan and Butterworth while Rohde & Schwarz would supply, assemble, and test and implement 29 units of radio communications equipment for the airforce.
PT Dirgantara would meanwhile suply the equipment for the CN 235 aircraft for the airforce.
Najib also handed over three contract related letters to Hei Tech Padu Bhd, EADS (M) Sdn Bhd and IT&S Sdn Bhd and two letters of intent to Pilatus Aircraft Ltd and AIROD Sdn Bhd.