Boustead shipyard wins RM96mil Navy contract

  • Business
  • Thursday, 20 Jun 2019

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.



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