NAICO MALAYSIA-TUSAS MOU ON SUPPLY CHAIN AND RESEARCH DEVELOPMENT

KUALA LUMPUR, May 6 (Bernama) -- The National Aerospace Industry Corporation Malaysia (NAICO Malaysia) has signed a memorandum of understanding (MoU) with TUSAS Malaysia Sdn Bhd to work on the supply chain, competency, and research development programmes in Malaysia.

In a statement issued in conjunction with the Defence Services Asia (DSA) 2024 Exhibition today, NAICO Malaysia said the MoU marks a significant milestone for both organisations.

NAICO Malaysia is an agency under the Investment, Trade and Industry Ministry while TUSAS Malaysia is a subsidiary of Turkish Aerospace, a company headquartered in Ankara, Turkiye.

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"Under the Malaysia Aerospace Centre of Excellence (MyAERO Centre) spearheaded by NAICO Malaysia, the agency will work with TUSAS Malaysia to strengthen Malaysia’s aerospace capabilities, adding more value to the global aerospace value chain. 

"The programmes include local supply chain development, competency and training of local students to be in the aerospace value chain, and research on the latest technologies to be adopted into the aerospace industry," it said.

According to NAICO Malaysia, the aerospace industry has been regarded as a strategic sector and can have a positive impact on a nation’s human capital and economy. 

"Under the 12th Malaysia Plan, Malaysia is set to be the preferred aerospace nation in Southeast Asia by 2030, guided by the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030). 

"The New Industrial Master Plan 2030 (NIMP 2030) further supports this blueprint by nurturing strategic industries such as aerospace towards a high-value growth economy," it said.

-- BERNAMA