14
Thu, May

Malaysia Seeks Compensation From Scrapped Norwegian Defense Deal

Malaysia Seeks Compensation From Scrapped Norwegian Defense Deal

MARINELOG
Malaysia's defence minister said on Thursday the country planned to claim compensation and was considering legal action over Norway's decision to revoke export approvals for a naval strike missile (NSM) system intended

Malaysia's defence minister said on Thursday the country planned to claim compensation and was considering legal action over Norway's decision to revoke export approvals for a naval strike missile (NSM) system intended for Malaysian combat ships.

In an escalating diplomatic row, Defence Minister Mohamed Khaled Nordin said the government had already paid nearly 95% of the contract value when Norway pulled the approvals in March, just days before the missile systems were due to be delivered.

The defence arm of Norwegian group Kongsberg said in 2018 it had agreed a 124 million euro ($145.23 million) contract with the Royal Malaysian Navy to supply NSM missiles for six littoral combat ships. Mohamed Khaled said on Thursday there was a second deal to supply the system to two other naval vessels.

"We are doing the computation right now - we would not only claim the amount that we have paid, but also the damages arising from the breach of contract," he told reporters, according to a recording of his remarks provided by the ministry to Reuters.

The Norwegian Foreign Affairs Ministry repeated that certain licenses related to the export of specific defence technology to Malaysia have been revoked due to Oslo's export

Content Original Link:

Read Full article form Original Source MARINELINK

" target="_blank">

Read Full article form Original Source MARINELINK

SILVER ADVERTISERS

BRONZE ADVERTISERS

Infomarine banners

Advertise in Maritime Directory

Publishers

Publishers