KUALA LUMPUR, Destini Bhd has announced that its wholly-owned subsidiary, Destini Prima Sdn Bhd (DPSB), has received a letter of award from the Ministry of Defence (Mindef) for the extension of its existing contract to supply non-proprietary aircraft spare parts to the Royal Malaysian Air Force (RMAF).
In a filing with Bursa Malaysia today, the diversified industrial group said the extended contract maintains a total ceiling value of RM403.75 million, which is shared among 29 appointed contractors under the same supply arrangement.
The company said the contract extension will span an additional 18 months — from July 1, 2025, to Dec 31, 2026 — following the expiry of the initial agreement on June 30, 2025.
“The extension reflects the government’s continued confidence in Destini’s capabilities and technical expertise in supporting the operational readiness of the Royal Malaysian Air Force’s aircraft fleet,” the group said.
Under the terms of the extension, DPSB is required to provide a performance bond for every order issued by the government. The performance bond will amount to 2.5% for orders exceeding RM200,000 and 5% for orders exceeding RM500,000, in accordance with Mindef’s procurement requirements.
Destini noted that the contract extension will contribute positively to the group’s earnings and strengthen its position as a trusted partner in Malaysia’s defence and aerospace maintenance, repair, and overhaul (MRO) sector.
The company added that it remains committed to maintaining high standards of quality, safety, and reliability in all its operations while pursuing strategic opportunities to expand its footprint in both local and international defence supply chains.
