In my most recent article on defence procurement policy (published 6 May 2016), I have touched lightly on local defence industry. This is not due to dearth of information on local defence industry. Contrary, the industry today is very much alive and would probably be a key economic driver for Malaysia in 3 years time. Sound optimistic? Yes, and I'm still trying to be conservative in my outlook.
Ten years ago, you can basically count with your fingers the number of key players in the defence industry. Today, this number has grown.
Many of these companies came to promote their products during the recent DSA. Though in terms of floor space taken up shows a slight decline in number of exhibitors, the quality of local display has increased significantly.
Previously, local players were only involved as middlemen peddling products from big international players. This time, local players had also brought in homegrown products which received rather good review. Some of these were rather sophisticated. At least 1 product had received offer for international joint-venture and marketing from a very well-established international firm.