Malaysia signs important deals at LIMA 2023

May 28, 2023 | 15:45

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Malaysia's Defence Ministry announced on May 26 that it has signed 43 agreements worth 10.1 billion RM (2.2 billion USD) with partner during this year’s 16th Langkawi International Maritime and Aerospace Exhibition (LIMA).

Malaysia signs important deals at LIMA 2023 | World | Vietnam+ (VietnamPlus)

The agreements are signed at the Langkawi International Maritime and Aerospace exhibition 2023 mô (Photo source: nst.com.my/)

Kuala Lumpur - Malaysia's Defence Ministry announced on May 26 that it has signed 43 agreements worth 10.1 billion RM (2.2 billion USD) with partner during this year’s 16th Langkawi International Maritime and Aerospace Exhibition (LIMA).

They include the purchase of 18 FA-50 light attack aircraft from Korea Aerospace Industries (KAI), and four units of Sikorsky's Black Hawk helicopters to be leased from Malaysian firm Aerotree Defence and Services, the ministry said in a statement.

KAI, the Republic of Korea's sole warplane manufacturer, won a bid to supply the jets to Malaysia for about 920 million USD.

The acquisitions come as Malaysia looks to upgrade or replace several aging military assets. The Government allocated 17.7 billion RM for the defence ministry under this year's budget, a 10 per cent increase from its funding in 2022.

The Royal Malaysian Air Force will also be acquiring three unmanned aerial systems from Turkish Aerospace Industries, and two maritime patrol aircraft from Italian firm Leonardo, the ministry added.

Malaysia eyes to become regional aerospace, maritime hub

Malaysian Prime Minister Datuk Seri Anwar Ibrahim has said that the 2023 Langkawi International Maritime and Aerospace (LIMA ’23) exhibition will reinforce Malaysia as a regional hub for the aerospace and maritime industries.

Malaysia encourages investment in developing hydro energy

Malaysian government on May 23 announced the implementation of many renewable energy research and development programmes to encourage the participation of the private sector in the field of renewable energy.

By VNA

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