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BHIC wins deal for upkeep of Royal Malaysian Navy submarine facilities

BHIC wins deal for upkeep of Royal Malaysian Navy submarine facilities
April 23, 2021,
by
Naida Hakirevic
Malaysian shipbuilder Boustead Heavy Industries Corporation Berhad (BHIC) has been contracted to ensure the upkeep of the Royal Malaysian Navy’s submarine facilities.
On 21 April 2021, BHIC Submarine Engineering Services Sdn Bhd (BSES), a subsidiary of BHIC, received a contract from the Ministry of Defence Malaysia for the maintenance of the facilities.
The deal is worth RM78,141,440.00 (around $19 million) and will cover a period of two years.
A formal contract between the Government of Malaysia and BSES will be finalised and executed at a later date, BHIC said. ....

Royal Malaysian Navy , Boustead Heavy Industries Corporation Berhad , Engineering Services Sdn Bhd , Ministry Of Defence Malaysia , Part Of Boustead Holdings , Defence Malaysia , Boustead Holdings , அரச மலேசியன் கடற்படை , பொறியியல் சேவைகள் ஸ்டன் ப்ட் , அமைச்சகம் ஆஃப் பாதுகாப்பு மலேசியா , பாதுகாப்பு மலேசியா , பௌஸ்டெப்கட் ஹோல்டிங்ஸ் ,

Malaysia: Boustead Heavy Industries Nets $19M Submarine

Maritime Activity Reports, Inc.
Illustration by alexlmx/AdobeStock
Malaysia’s Boustead Heavy Industries has won a deal for submarine facilities upkeep for the Royal Malaysian Navy.
The company said Thursday that it had on April 21, accepted the Letter of Acceptance dated April 7, 2021, from the Ministry of Defence Malaysia representing the Government of Malaysia, related to the submarine facilities work.
The contract value is RM78,141,440.00 (~around $19million) for a contract period of twenty-four months from January 1, 2021, until December 31, 2022. A formal contract between the Government of Malaysia and BSES will be finalized and executed at a later date.
The Contract will contribute positively to the earnings of the BHIC Group for the financial year ending 31 December 2021, Boustead Heavy Industries said, without providing further details. ....

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