Destini has announced that it had accepted a supplementary contract from the Ministry of Defence Malaysia for the increase in the Contract ceiling from RM121 million to RM181.5 million.
The contract is to supply non-proprietary aircraft parts to the Royal Malaysian Airforce, the job was announced back in July 2022 when it was awarded a contract from the Ministry of Defence Malaysia.
This contract, which was accepted by its wholly-owned subsidiary, Destini Prima Sdn Bhd is part of the 29 other local companies identified by MINDEF, to participate in parcels of bidding should RMAF require any non-proprietary aircraft parts. The contract has a combined ceiling of approximately RM121 million and commenced on 1 July 2020.
This latest supplementary is expected to contribute positively to Destini’s consolidated earnings for the next three years, should DPSB be awarded any of the contract parcels.
