# CTRM awarded RM3.4B aero components contract for Airbus

Composite Technology Research Malaysia (CTRM), a subsidiary of DRB-HICOM, was awarded a RM3.4 billion contract for manufacturing aero components for Airbus vendors, running from 2022 to 2030. CTRM also opened a new RM159 million production facility in Melaka.

- Type: Contract
- Announced: 2023-05-18
- Where: Batu Berendam, Melaka, Malaysia
- Value: $740.0M (3.40B MYR)
- Jobs: 300
- Status: announced
- Products: aero components, composite aircraft parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Composite Technology Research Malaysia](https://endata.com/companies/70362.md)
- [Airbus](https://endata.com/companies/1653.md) (customer)
- [DRB-Hicom](https://endata.com/companies/24489.md) (partner)

## Sources

- [klse.i3investor.com](https://klse.i3investor.com/web/blog/detail/savemalaysia/2023-05-18-story-h-270524904-Malaysian_aerospace_sector_gets_a_boost_from_CTRM_s_latest_RM3_4bil_con), 2023-05-18: "This clearly proves that leading multinational companies consider Malaysia's aerospace industry landscape as stable and conducive to their global supply chain."
- [nst.com.my](https://www.nst.com.my/business/2023/05/910833/malaysian-aerospace-sector-gets-boost-ctrms-latest-rm34bil-contract), 2023-05-18: "This clearly proves that leading multinational companies consider Malaysia's aerospace industry landscape as stable and conducive to their global supply chain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.