Big business potential in aerospace

Aerospace deal: Qatar Airways’ Boeing 787 Dreamliner. UMW has a 25-year contract making fan cases for the plane’s engine.

LAST month, SGX-listed equipment manufacturer and engineering services provider UMS Holdings Ltd signed an agreement with a Malaysian-based aerospace metallic component manufacturer All Star Fortress Sdn Bhd (ASF).

Under the memorandum of understanding, UMS will be taking up a 10% equity stake in ASF for RM100,000.