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.

"The duration of the contract is from Jan 1, 2021 until Dec 31, 2022.

"It is expected to contribute positively to the earnings of the BHIC group for the financial year ending Dec 31, 2022,” it said.

The group said a formal contract between the government and BSES will be finalised and executed at a later date.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Boustead , Ministry of Defence , BHIC

   

Next In Business News

Human error and shaky grid spark new global-chip supply concerns
Grab’s SPAC vehicle Altimeter near record low
Singapore stocks tumble as strict virus curbs return
Foxconn sees 2Q surge on WFH boom
Ant leapfrogs banks to top China fund sale rankings
Wider vaccination and herd immunity are vital to the recovery
Oil extends loss on India Covid-19 cases, U.S. pipeline restart
Stocks rebound as Fed officials calm inflation fears, for now
Japan Q2 economic growth forecasts cut sharply on coronavirus restrictions
Subang Airport car park upgrading to complete by 3Q, 200 extra parking bays

Stories You'll Enjoy


Vouchers