BHIC secures RM78.14mil Navy submarine facilities contract

KUALA LUMPUR (Bernama) -- Boustead Heavy Industries Corp Bhd’s (BHIC) wholly-owned subsidiary BHIC Submarine Engineering Services (BSES) has secured a RM78.14 million contract from the Ministry of Defence.

In a filing with Bursa Malaysia today, BHIC said the contract is for the Royal Malaysian Navy’s submarine facilities upkeep.