Kuala Lumpur: Malaysia`s Defence Ministry is set to sign contracts worth more than USD 140 billion (10.4 billion ringgit) with local and foreign companies during The Defence Services Asia 2010 (DSA) exhibition underway here.
Bringing together arms producers and suppliers from all over the world the exhibition and conference has more than 22 countries participating.
Defence Minister Ahmad Zahid Hamidi said the ministry was currently exploring the possibility of procuring armoured vehicles, multi-role support ships and combat aircraft, new generation patrol vessels, frigates and network-centric operations.
He said the contracts would also involve some agencies and ministries which were aware of all the latest cutting-edge technology.
Over 200 high-profile visitors including defence ministers, top military brass, planners and procurement specialists are expected to attend the 12th DSA at the Putra World Trade Centre here.
The exhibition has attracted the participation of 22 countries including Australia, Turkey, Germany, UK, US, Italy, France, South Africa, Poland, Switzerland, Korea, China and Singapore.
The four-day event will showcase the most comprehensive range of cutting-edge technology for the army, navy, air force as well as the security and homeland enforcement agencies.
Among the major participating international and local defence and security companies are Glock, Samsung Techwin, Nadi Defence, SME Ordnance, System Consultancy Services (SCS), MFDM Group, AMP Corporation, DEFTECH, Composite Technology Research Malaysia, Tri Level Miltech and Bry Air Industries.
The DSA is Asia`s largest defence and security exhibition.