Denel of South Africa has signed a 340 million euro (R3.5 billion) contract with Malaysia to supply a range of turret and integrated weapon systems to be fitted onto Deftech AV8 8 X 8 armoured infantry fightingvehicles. The deal has been several years in the making.
Zwelakhe Ntshepe, the Group Executive Business Development and Corporate Affairs of Denel, says this is the largest export contract in the company’s history and will result in a significant cash injection and job creation in the local industry. The turrets will be exported to Malaysia over a seven year period – with the first consignment ready for delivery this coming January.
Read the full story at Army Recognition