KUALA LUMPUR: Energy solutions provider, T7 Global Bhd's subsidiary, T7 Kemuncak Sdn Bhd has secured a letter of award worth RM74.6 million from Ministry of Defence Malaysia (Mindef).
Under the contract terms, T7 Global will be responsible for supplying, delivering, testing and commissioning airfield surveillance radar (ASR) system, communication system, and associated air traffic management (ATM) system equipment to the Royal Malaysian Air Force (RMAF) and the government of Malaysia.
The contract is for five years, from Aug 5, 2024 to Aug 4, 2029.
T7 Global group chief executive officer Tan Kay Zhuin's said the award marks another significant achievement for the group's industrial solutions division.
"This showcases our capability to come up with an integrated solution for RMAF, which includes a high-performance air surveillance radar system to ensure continued safety, reliability and enhanced efficiency of RMAF's airfield surveillance capability." "
"This system will provide advanced situational awareness for RMAF's air traffic controllers and optimises its airspace management," he said in a statement.
Tan said with the award, the group is committed to diversifying its income stream and support its sustainable growth.
T7 Global's share price was up 2.2 per cent to 45.5 sen a share, giving it a market capitalisation of RM376.2 million.