BHIC gets RM1.1bil Mindef contract

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) has accepted a letter of award worth RM1.1bil from the Ministry of Defence Malaysia for the in-service support 2 performance-based contract for the Royal Malaysian Navy Prime Minister class submarines.

In a filing with Bursa Malaysia, BHIC said the contract was awarded to its wholly-owned subsidiary, BHIC Submarine Engineering Services Sdn Bhd (BSES).