Aerospace industry targets RM30bil revenue this year


Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR: The Investment, Trade and Industry Ministry is optimistic that the aerospace industry revenue will reach RM30bil this year, up from RM25.1bil recorded in 2024.

Its Minister, Tengku Datuk Seri Zafrul Abdul Aziz said the confidence was based on the current prospects and positive developments in existing projects and pipelines.

“The aerospace industry is showing rapid development,” he told reporters after the launch of MyAERO Summit 2026 and the 10th anniversary celebration of the National Aerospace Industry Corp Malaysia here yesterday.

In his keynote speech, Tengku Zafrul said the revenue of the aerospace industry last year which recorded RM25.1bil, was the highest in the past 10 years, and supports 30,000 skilled workers in the aerospace ecosystem.

He said Malaysia has seen significantly new investments shaping the country’s aerospace landscape in recent years, include Airbus and Boeing’s expansion of their footprints and Composites Technology Research Malaysia’s leadership in composite manufacturing, supplying critical components to global original equipment manufacturer.

“All these reflect the confidence of both foreign and domestic investors in Malaysia’s growing capabilities as a hub for advanced, high-value aerospace manufacturing in Asia Pacific,” he said.

On the MyAERO Summit taking place in June 2026, he said the summit will serve as an important international annual gateway to aerospace technology, business and talent networks, one that unites regional stakeholders, from global original equipment manufacturers and local champions to policymakers, researchers and skilled talent.

“MyAERO Summit 2026 will also facilitate better engagement with small and medium enterprises and the rakyat.

“It is equally important for the general public to be aware of the immense opportunity in this sector, not only to foster better business-to-business engagement, but also to attract more science, technology, engineering and mathematics talent,” he said. — Bernama

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aerospace , investment , manufacturing , Airbus , Boeing , MyAERO , STEM

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