Eurofighter consortium to invest in Malaysia
BAE Systems-led Eurofighter consortium, is set to invest RM6.3 billion over the next five years in offset programmes designed for Malaysia.
The group had invested a combined RM3.5 billion in the country over the past five years, BAE Systems Senior Industrial Partnerships and Offset Manager, Mike Perret said at BAE Systems' facilities in Warton, about 400km from London.
He said BAE and its European partners are keen to deliver significant value not only to original equipment manufacturers but also supply chains including to small medium enterprises.
The group is also considering the best long-term offset projects with genuine technologies, not only within Malaysia but also to the region to pave the way for Malaysian companies to progress into global growth, he added.
Many of the projects are in manufacturing but the group is also keen to shift to other areas like avionics and green technologies.
Meanwhile, Perret noted that Malaysia is seeking growth in terms of per capita which is more likely to result from the transfer of expertise and technologies.
He said the group is now targeting offset programmes in industrial partnering involving technologies and looking at how these could be leveraged.
He explained giving an example of BAE Systems having an advanced technology centre in UK with some 450 engineers working mainly on Blue Skies Technologies which are used in their aerospace and defence businesses but many of the technologies have the potential spin-off that are not aerospace or defence.
These technologies could be tapped and the group is prepared to share their intellectual property rights with companies that could used the technologies in areas other than aerospace and defence.
The group is also exploring opportunities to offer technology that is not only applicable for Malaysia but making the country the central focal point for its growth in the Asean region.
Adapted from StarBiz 21 July 2012
^ Back to Top