# 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.

- Type: Contract
- Announced: 2022-11-01
- Where: Batu Berendam, Melaka, Malaysia
- Value: $730.0M (3.40B MYR)
- Status: announced
- Capacity: 75 aircraft sets per month
- Products: composite aerostructures
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Composites Technology Research Malaysia](https://endata.com/companies/70367.md)
- [Airbus](https://endata.com/companies/1653.md) (customer)

## Sources

- [businesstoday.com.my](https://www.businesstoday.com.my/2023/05/18/malaysias-aerospace-industry-propels-forward-on-ctrms-rm3-4-billion-multiple-aerostructure-contract/), 2023-05-18: "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."

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