PETALING JAYA: An audit report red-flagged 12 letters of award (LOAs) worth RM3.3bil given to two companies, which got the lion’s share of 37% of the total contract value of the littoral combat ship (LCS) project that was worth RM9bil.
The report described it as an “over reliance” on these two companies: Contraves Advanced Devices Sdn Bhd (CAD) and its wholly-owned subsidiary Contraves Electrodynamics Sdn Bhd (CED).
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