Saturday December 17, 2011
Boustead Naval Shipyard gets RM9bil contract
KUALA LUMPUR: The Defence Ministry has awarded Boustead Naval Shipyard Sdn Bhd a RM9bil contract to design, build and deliver six second-generation patrol vessels, or littoral combat ships (Frigate Class).
Boustead Heavy Industries Corp Bhd (BHIC) said in a statement to Bursa Malaysia that the contract awarded to its associate, Boustead Naval Shipyard, would be implemented over three Malaysia Plans, 10, 11 and 12.
The delivery of the ship was expected in 2017, with follow-on ships every six months thereafter, it said.
It said the contract would have no material effect on the earnings of BHIC for the current financial year ending Dec 31, but would contribute positively to the future earnings of the group.
None of the directors nor substantial shareholders of BHIC or persons connected with it had any interest, direct or indirect, in the contract, it said.
No comments:
Post a Comment