BHIC JV contract to maintain three helicopters extended

  • Corporate News
  • Wednesday, 01 Jul 2020

KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd’s (BHIC) joint venture has secured a one-year extension from the government to maintain and provide logistic support for three helicopters.

It said on Wednesday BHIC Aeroservices Sdn Bhd had received a letter for the extension of the contract from the Home Ministry to provide the services for the Malaysian Maritime Enforcement Agency’s three Dauphin AS365N3 helicopters.

BHIC Defence Technologies Sdn Bhd holds a 51% stake in BHIC Aeroservices, Prestige Pillar Sdn Bhd (30%) and Airbus Helicopters Malaysia Sdn Bhd (19%).

“The contract is now for a period from July 1,2016 to June 30,2021 with a new total ceiling contract value of RM70.74mil, ” it said.

BHIC said the extension would contribute positively to its earnings for the financial year ending Dec 31,2020 and 2021.

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