PETALING JAYA: Destini Bhd’s wholly-owned subsidiary, Destini Prima Sdn Bhd, has clinched a Defence Ministry contract for the procurement, supply and delivery of 70MM rockets (2.72 inch) to the Malaysian Army.

In a filing with Bursa Malaysia yesterday, Destini noted that the contract had a value of RM18.75mil and had a tenure of two years starting from June 27, 2023 to June 26, 2025.

The contract is expected to contribute positively to the earnings and net assets of Destini for the financial periods ending Dec 31, 2023 and the financial periods in the duration of the contract.