DTN News - MALAYSIA DEFENSE NEWS: BAE Systems Inc.’s FNSS Joint Venture Receives $559 Million Award From DEFTECH To Provide AV-8 Vehicles For The Malaysian Armed Forces....NSI News Source Info # 2037(NSI News Source Info) ARLINGTON, Virginia / TORONTO, Canada - June 4, 2011: FNSS of Turkey, a joint venture between BAE Systems, Inc. and Nurol Holding of Turkey, has received and signed a $559 million letter of offer and acceptance (LOA) from DEFTECH of Malaysia for the design, development and manufacture of 257 DEFTECH AV-8 8x8 wheeled armored vehicles and Integrated Logistics Support for the Malaysian Armed Forces.
The vehicle, to be manufactured by DEFTECH in Malaysia, is based on the FNSS-designed PARS 8x8 multi-purpose, multi-mission, wheeled armored vehicle. The vehicle will be redesigned by FNSS and DEFTECH engineers specifically to meet the requirements of the Malaysian customer.
“This effort will not only benefit the Malaysian Army, but will also further develop the indigenous capability in Malaysia,” said John Kelly, vice president of exports and international business for BAE Systems’ Land & Armaments sector. “BAE Systems, Inc. actively looks to support FNSS in its ambition to market its land vehicle expertise globally.”
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