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BUSINESSBloomberg Markets·1d ago

Malaysia Eyes $245 Million Naval Missile System, Star Reports

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AI TLDR · GEMINI

The Malaysian government is considering a $245 million investment in a new naval strike missile system. This follows the collapse of a previous defense deal with Norway earlier this year.

Malaysia’s defense minister said the government is considering spending more than 1 billion ringgit ($245 million) on a new naval strike missile system after a deal with Norway collapsed earlier this year, the Star reported.

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