CTRM secures RM3.4 billion aerostructure contract extension from Airbus

Composites Technology Research Malaysia (CTRM) received a contract extension from Airbus valued at RM3.4 billion, with a production rate increase from 60 to 75 aircraft sets per month by 2024/25. The extension was sealed in November 2022 and announced on May 18, 2023.

“Extension of existing contracts is also reflective of Malaysia's effective policies in retaining foreign investments in this country, which bodes well for the creation of high-paying jobs and empowerment of SMEs in the domestic supply chain.”businesstoday.com.my

• 1 source
• businesstoday.com.myMalaysia’s Aerospace Industry Propels Forward On CTRM’s RM3.4-Billion Multiple Aerostructure Contract - BusinessTodayMay 18, 2023

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