US Commercial Service Aerospace Team:MALAYSIA DEFENSE INDUSTRY WEBINAR, OPPORTUNITIES FOR COLLABORATION

 

Please join us to learn about business opportunities in Malaysia. This webinar will provide you with in-depth insights on current and future requirements, how to bid on available contracts, local partnerships, and offset requirements. Malaysia Defense Market Highlights: In its latest budget, the government of Malaysia increased its allocation for defense and security to strengthen the level of defense readiness and national security. The recently announced 2024 budget includes $4.2 billion for the Ministry of Defense (MoD), a 10 percent increase from 2023. In addition to the MoD allocation, Malaysia’s Ministry of Home Affairs, which is responsible for public order, border and maritime security, crime, and terrorism prevention, has been allocated $4.1 billion. With the increased allocation, Malaysia has identified acquisitions of particular importance, which include various types of vehicles for the Army, helicopters for the Royal Malaysian Air Force, and littoral mission ships for the Royal Malaysian Navy. The first Defense White Paper, released in 2020, emphasizes the need to boost Malaysia's naval capabilities to prepare for possible conflict in the South China Sea and focuses on developing a modernized 'smart army' using cyberspace technology and state-of-the-art systems. With the ongoing defense modernization programs, opportunities exist across the entire security and defense industry. Procurement spending increasingly focuses on strengthening Malaysia’s ability to protect its coasts, territorial waters, offshore economic interests, and airspace and developing its intelligence, surveillance, and reconnaissance capability. Speakers: U.S. Embassy Kuala Lumpur Ambassador Edgard Kagan, Ambassador of the United States of America to Malaysia U.S. Office of Defense Cooperation (ODC) Lieutenant Colonel James Lax, Chief of ODC U.S. Commercial Service Kuala Lumpur Frederick Helfrich, Commercial Officer Malaysia Technology Depository Agency Mohamad Noowawi Md Yasin, General Manager Boeing Aerospace Malaysia Jeannie Ng, Regional Strategy Director Local contractor, Sovereign Strategic Ezra Effendi, Group Managing Director REGISTER NOW: https://events.trade.gov/en/TradeGov/Webinar-OpportunitiesintheSecurityandDefensesector/purchase.php    Register Now Date & Time: April 16, 2024 20:30 – 22:00, D.C. 17:30 – 19:00, CA April 17, 2024 08:30 – 10:00, Malaysia Platform: WebEx Cost: $37.00 Program Questions: Siau Wei PUNG Commercial Specialist U.S. Embassy KL Frantz Eyssallenne Int'l Trade Specialist Dallas-Fort Worth, TX

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