00:00Malaysia has issued a notice of demand to a Norwegian defence company for more than RM1 billion following the cancellation
00:08of a naval strike missile procurement contract.
00:12Defence Minister Khaled Nordin said Malaysia had made payments amounting to €126 million, representing 95% of the contract value,
00:22before it was cancelled.
00:23According to Missile Manufacturer Kongsberg Defence and Aerospace, the NSM procurement contract was signed in April 2018 to equip six
00:33new littoral combat ships.
00:35The Norwegian government revoked an export permit for NSM ordered by Malaysia in a 2018 contract, saying that exports of
00:44its defence technology would be limited to its allies and closest partners.
00:49Prime Minister Anwar Ibrahim last week criticised Norway's decision to cancel the deal and said Malaysia was mulling legal action.
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