LANGKAWI, March 22 (Bernama) — Destini Prima Sdn Bhd, a wholly- owned subsidiary of Destini Bhd, is eyeing a turnover of RM86.5 million this year, supported by the launch of the Malaysian Aerospace Industry Blueprint 2015-2030.
Executive Director Major Kabol Surat said the blueprint would give a boost to the aerospace industry which is also the group’s core business, besides the marine sector.
He said last year, the group managed to achieve a turnover of about RM72 million in both the aerospace and marine businesses.
“We are very positive over the blueprint launched by Prime Minister Datuk Seri Najib Tun Razak. I believe it can drive the industry forward,” he told Bernama on the sidelines of the just-concluded Langkawi International Maritime and Aerospace Exhibition 2015 here.
He said the government is focusing on the aerospace industry as it can result in a myriad of activities, especially, military maintenance.
Last Tuesday, Najib launched the Malaysian Aerospace Industry Blueprint that is projected to contribute revenue of RM32.5 billion by 2030.
Kabol said the group has been the sole organisation undertaking the maintenance, repair and overhaul (MRO) of safety and survival-related equipment for military aviation and marine agencies in Malaysia for over a decade.
He said the group also supplies a wide variety of defence related equipment, including spare parts and explosives, through contracts with the Royal Malaysian Armed Forces.
Kabol also said the group foresee a positive result partly due to the IHS Jane’s forecast that defence spending in Southeast Asia will reach US$44.5 billion in 2018 compared with US$38.5 billion this year.
The Destini Group is a leading Malaysian integrated engineering solutions provider with Destini Prima specialising in MRO.