http://www.companiesandmarkets.com/Summary-Market-Report/malaysia-defence-and-security-report-q3-2009-154359.asp
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Major defence procurements at the start of 2009 included two contracts totalling MYR603mn with two companies supplying parts and components to the Royal Malaysian Navy (RMN) for five years. It was also announced at the start of 2009 that the country’s first submarine, a French-made Scorpene-class KD Abdul Rahman, is scheduled for delivery in July 2009. The Sepanggar Naval base, a 190ha naval base project costing MYR636mn, is also scheduled to be completed in July. The submarine will be housed at the new naval base. A second submarine KD Tun Abdul Razak, is expected to arrive at the end of the year.
We continue to expect the Malaysian government to increase defence spending by 4% annually, in real terms, over the coming years. Absolute increases will depend in part on how the country’s economy fares in the face of the global financial crisis.
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Major defence procurements at the start of 2009 included two contracts totalling MYR603mn with two companies supplying parts and components to the Royal Malaysian Navy (RMN) for five years. It was also announced at the start of 2009 that the country’s first submarine, a French-made Scorpene-class KD Abdul Rahman, is scheduled for delivery in July 2009. The Sepanggar Naval base, a 190ha naval base project costing MYR636mn, is also scheduled to be completed in July. The submarine will be housed at the new naval base. A second submarine KD Tun Abdul Razak, is expected to arrive at the end of the year.
We continue to expect the Malaysian government to increase defence spending by 4% annually, in real terms, over the coming years. Absolute increases will depend in part on how the country’s economy fares in the face of the global financial crisis.
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