KUALA LUMPUR: Destini Bhd’s wholly-owned subsidiary, Destini Prima Sdn Bhd (DPSB), yesterday received a letter of award from the Defence Ministry for the extension of its contract to provide maintenance, repair and overhaul services, and the supply of safety and survival equipment to the Royal Malaysian Air Force.
The contract ceiling is RM50.18 mil, Destini said in a filing with Bursa Malaysia yesterday.
The tenure of the contract is one year starting from Oct 3, 2019 to Oct 2, 2020.
“DPSB is required to carry out the Professional Training and Education For Growing Entrepreneurs (PROTÉGÉ) and include at least 20 PROTÉGÉ participants without any cost to the government,” it said.
The contract is expected to contribute positively to the earnings and net assets of Destini for the financial year ending Dec 31, 2019 and Dec 31, 2020. – Bernama
