Malaysia Signs Contract With BAE Systems And Nurol For Armored Vehicles

by: Matthew Potter
April 23, 2010

Category: BAE Systems, Business Line, Companies, Contract Awards, Countries, development program, Events, production program | RSS 2.0

Malaysia has signed a contract worth up to $500 million with the U.K.’s BAE Systems (BAE:L) and Turkey’s Nurol Holding AS to establish an armored vehicle production line. The two companies are establishing a joint venture in the Asian country to design and produce 250 wheeled vehicles with a variety of capabilities. This contract is part of a major investment by Malaysia in its armed forces.

The end result of course will be an established production capability indigenous to Malaysia.. This could allow it to build more vehicles for itself and overseas sales. The contract is also valuable to BAE Systems as it may see declining markets in Britain and the U.S. due to budgetary pressures.

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