Destini has accepted a letter of award from the Ministry of Defence Malaysia for the procurement, supply, and delivery of FZ Rocket Motor to the Royal Malaysian Air Force for a contract value of RM19.04 million.
The tenure of the Contract is two (2) years starting from 6 September 2023 to 5 September 2025 where Destini will also have to DPSB provide a performance bond of RM476,037.97; and undertake the Professional Training and Education for Growing Entrepreneurs – Ready to Work (“PROTÉGÉ-RTW”) at its own cost.
The Contract is expected to contribute positively to the earnings and net assets of Destini for the financial year ending 31 December 2023 and the financial periods in the duration of the Contract.
