LIMA’15 sees RM9.3 bln worth of contracts
inked
LANGKAWI: The Langkawi International Maritime and Aerospace Exhibition 2015 (LIMA’15) saw a total of RM9.3 billion worth of contracts, memoranda of understanding (MoU), letters of acceptance (LOA) and letters of Intent (LOI) signed yesterday.
Malaysian Defence Minister Datuk Seri Hishammuddin Tun Hussein, who announced this on the final day yesterday for LIMA’15 trade delegations, said the value was higher than the RM4.2 billion at the previous edition of LIMA.
LIMA’15 will open its doors for the public for two days starting today.
“This represents a jump of approximately 12.1 per cent, indicating that LIMA throughout the years has continued to provide the ideal platform for maritime and aerospace businesses regionally and globally,” he told the media at the Mahsuri International Exhibition Centre (MIEC) here.
Seven contract documents were inked yesterday between the Defence Ministry and various companies, besides the five MoU, eight LOA and six LOI, he said.
According to him, LIMA’15 was much better than the previous editions as it involved greater participation of the commercial sector instead of just the military.
Participation of the commercial sector at this edition of LIMA saw a five to 10 per cent rise, he said, adding that there was much room for improvement in the next edition in 2017.
Among the notable contracts, MoU, LOA and LOI signed by the Defence Ministry was that with Thales Optronique of France for the supply of articles, services and technical assistance pertaining to the optronic avionics and communication equipment of the Royal Malaysian Air Force (RMAF) SU-30MK.
The contract with Destini Prima Sdn Bhd was for the supply of parts and services for the life raft and life jacket owned by the Royal Malaysian Navy (RMN).
The Defence Ministry also signed an MoU with Petronas on the handover of the Unmanned Aerial Vehicle (UAV) system to the Malaysian Armed Forces and an LOA with MTU Services (M) Sdn Bhd for the supply and delivery of spare parts, maintenance and training of MTU engines, sub-assemblies, components and electronics monitoring system for the RMN. — Bernama
Dr Mahathir is all praise for this year's air and maritime exhibition
LANGKAWI - Tun Dr Mahathir Mohamad who has never failed to attend LIMA since its inception in 1991, is all praise for the 13th edition, the biggest one so far.
The former prime minister is happy to see the participation of many local companies at LIMA and more than 100 jets and planes.
"There are also more companies joining LIMA 2015 and what is interesting is half of the exhibitors are Malaysian companies.
"This is an achievement as not even one local company took part in the early editions of LIMA," he told the press during his visit to Malaysia's Krisakti aerobatic jets in Mahsuri International Exhibition Centre's tarmac yesterday.
He attributed this to the improvement of Malaysians in the electronic sector and airplane technology.
Lauding the Malaysian Aerospace Industry Blueprint (2015-2030), Mahathir said it would take some time for it to materialise.
"Take Singapore as an example, they have a strong air force and sophisticated jets but our approach is different, we are more on the manufacturing technology," he said.
He said Malaysia's efforts to further enhance the military technology was not meant to be at war with other countries but to make sure the country was not lagging behind.
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