business

Destini wins RM222.25 million contract extension from Defence Ministry

KUALA LUMPUR: Destini Bhd's subsidiary Destini Prima Sdn Bhd (DPSB) has been awarded a RM222.25 million extension of contract from the Ministry of Defence Malaysia for supply of Non-proprietary aircraft spare parts for the Royal Malaysian Airforce.

The contract tenure, which expired on June 30, 2023 has been extended for another two years from July 1, 2023 to June 30, 2025.

DPSB is required to provide a 5 per cent performance bond to the Government.

Destini's share price closed at 8 sen yesterday.

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