WILL DRB HICOM GO UP TOMORROW???
MARKET SENTIMENT is SO BADDDDDDDDDDDDDDDDD...
Written by Joseph Chin of theedgemalaysia.com
Monday, 07 March 2011 18:01
KUALA LUMPUR: DRB-HICOM BHD []’s unit DRB-Hicom Defence Technologies Sdn Bhd has accepted the letter of award from the federal government for a RM7.55 billion contract to supply armoured wheeled vehicles (AWV).
The company said on Monday, March 7 DefTech had accepted the letter, dated Feb 23, to design and supply 257 units of the 8x8 AWV, which will be in eight variants.
“The contract valued at RM7.55 billion is for a period of seven years commencing from 2011,” it said.
DRB-Hicom said the contract would spur and enhance the growth of the economy via transfer of advanced defence technologies from its TECHNOLOGY [] partners and original equipment manufacturers (OEM), research & development and local vendors development.