Article Posted on : - Apr 21, 2010

KUALA LUMPUR (BNS): Malaysia has signed defence contracts worth RM10.355 billion (USD 3.24 billion) at the ongoing Defence Services Asia 2010 exhibition here to acquire a number of defence equipment and systems from domestic and international companies.

The deals include eight contracts, five MoUs, three letters of acceptance and four letters of intent, Malaysian official news agency Bernama said.

Among the major agreements is an RM128.5 million deal for the Royal Malaysian Navy to acquire Scorpene-type submarine navigation safety, combat systems, sensors and periscope simulator.

Another RM100 million contract, signed during the international defence exhibition, is for the supply of articles, services and technical assistance for the SU-30MKM (Sukhoi) aircraft which the country is acquiring from Russia.

Deals have also been signed to get helicopters, tanks and a range of arms and artillery for the Malaysian Army, the news agency said.

Malaysia is hosting the 12th edition of the Defence Services Asia at the Putra World Trade Centre here. The biennial event has attracted participation from several countries who are exhibiting cutting-edge technology for army, navy, air force as well as for the security and homeland enforcement agencies.

The four-day long exhibition will conclude on Thursday.