Aerospace industry on track to meet RM18bil revenue target

Shamsur Kamar also said Malaysia has bagged a cumulative RM5.7bil in new work packages secured by the local supply chain within the last two years and RM600mil worth of MRO projects which are currently being implemented by industry players

KUALA LUMPUR: Malaysia's aerospace industry is on course to meet its revenue target of RM18 billion this year, with the industry expected to grow even faster next year as its product portfolio for the global aerospace supply chain expands.

National Aerospace Industry Corporation Malaysia chief executive officer Shamsul Kamar Abu Samah said revenue is estimated to be over RM16 billion as of the third quarter of the current year, but the exact amount will not be known until next year.