Denel nabs Malaysia deal

Johannesburg - Malaysia has confirmed its intention to buy armoured personnel carriers for which South Africa's Denel will supply the turrets, the company said on Wednesday.

Communications manager Sinah Phochana said Malaysia's defence ministry handed a letter of intent to DRB-Hicom Defence Technologies Sdn Bhd (Deftech) at the Defence Services Asia Expo 2010 last week.

"Deftech has in turn handed over a letter of intent to Denel as a technology partner for the joint manufacture of turrets and for the systems integration of the programme."

The company said the contract showed that its revised strategy to get better access to sustainable international markets was working.

- Sapa