KUALA LUMPUR (June 28): Destini Bhd has secured a letter of award (LOA) from the Ministry of Defence for a contract worth RM18.75 million to supply 70MM rockets.

In a bourse filing on Wednesday (June 28), the company said its unit Destini Prima Sdn Bhd (DPSB) had accepted the LOA to supply the rockets to the Malaysian Army.

The company said the contract is for a period of two years from June 27, 2023 to June 26, 2025 and DPSB is required to provide a performance bond of RM468,733.01.

At the midday break, Destini was unchanged at 9.5 sen with 1.66 million shares traded.