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BHIC to gain from Navy plan


KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) is looking to capitalise on the Royal Malaysian Navy’s (RMN) 30-year transformation programme and is confident of securing an additional RM1bil worth of contracts this year.

The RMN’s “15 to 5” transformation programme will see it phasing out some older ships, which are more costly to maintain, and replacing them with new ships while reducing the classes of ships from 15 to only five.

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