Boustead shipyard wins RM96mil Navy contract


KUALA LUMPUR: Boustead Holdings Bhd said a subsidiary has secured a RM96mil contract from the Ministry of Defence for refit works on the offshore patrol vessel KD Terengganu.

The company, in a filing with Bursa Malaysia today, said a formal contract between the government and Boustead Naval Shipyard Sdn Bhd will be signed at a later date.

"The contract is expected to contribute positively to current and future earnings of the group,' it said.

 

Corporate News , Boustead