SHAH ALAM: Destini Bhd on Sept 7 announced it has secured a two-year contract worth RM19.04 million for the procurement and supply of FZ rocket motors to the Royal Malaysian Air Force (RMAF). The contract was awarded to its wholly owned subsidiary Destini Prime Sdn Bhd.
Destini announced to Bursa Malaysia that the contract with Destini Prima was for a period of two years starting Sept 6, 2023 until Sept 5, 2025.
It added that Destini Prima will be required to provide a performance bond of RM476,037.97. Destini also stated that Destini Prima is required to undertake the professional training and education for growing entrepreneurs – ready to work (Protege-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 Dec 31, 2023 (FY2023) and the financial periods in the duration of the contract,” the group said in a bourse filing.
Destini has received several contracts from the ministry this year. Recently, the group secured a two-year contract extension to supply non-proprietary aircraft spare parts for the RMAF worth RM222.25 million.
Last June, Destini Prima received a contract of RM18.75 million for procurement, supply, and delivery of FZ 70mm rockets (2.72 inch) to the Army. FZ the name for the rockets manufactured byu the company now known as Thales Belgium. Destini Prima was also awarded the same contract to supply the rockets in 2015/2016.
As the release only stated that Destini Prime will only be supplying the FZ rocket motor, one may wonder whether the RMAF is buying the warhead separately. The FZ rocket motor could be fitted with different type of warheads from training (see above) to laser guided ones.
It is also expected that the new RMAF FLIT/LCA – the Korean Aerospace FA-50 – will also be armed with the FZ rockets once it is put into service.
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