SHAH ALAM: FLIT/LCA Decision in the first quarter of 2022? Korea Aerospace Industries (KAI) is expecting Malaysia and Senegal to make decisions on their next military jet purchases in Quarter One next year, an analysis from Shinhan Investment Corporation said.
The report puts Malaysia’s contract to be worth US$197 million (RM828 million) and Senegal order could be worth $147 million. The South Korean investment company has factored in sales success into its 2023 earnings forecasts of KAI. Both orders are for the FA-50, says the Alert 5 website.
I have not read the Shinhan report so I cannot say whether their information is valid or not. But the conversations I had in the last two weeks or so, I believed that the report is overly optimistic on the timeline. Yes, the people I spoke with are convinced that the KAI TA/FA-50 is the hot-on favourite and the most likely get the nod for FLIT/LCA programme, a firm decision within the next three months are un-realistic to say the least.
Why I am saying this? For example, no firm decision on the MPA/UAS tender have been made I have been told. I have been told further things, of course, but since this is an open forum it is likely I will be told off by someone else, who read something on another platform which copy pasted what I wrote here. I will make an update on this soon.
Of course, I will be glad if they do come to a decision by first quarter of 2022 (on all things) as it would help the Armed Forces greatly. But as thing stands, the decision making process is painfully slow as shown by the other tenders and decisions that have yet to be made.
It is interesting to note that a number of people kept missing the FLIT equation of the FLIT/LCA tender. This is on purpose, I believe, so they can claimed that their jet is better. It is interesting to note as well that some parties are trying the muddy the waters to ensure that the decision for the tender as an overt political one. With you know who at the helm, its certainly a high probability.
HT to Alert 5
— Malaysian Defence