OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD (BHIC OR THE COMPANY) RECEIPT OF A LETTER OF AWARD FOR THE INTERIM IN-SERVICE SUPPORT (ISS) FOR THE ROYAL MALAYSIAN NAVY PRIME MINISTERS CLASS SUBMARINES
BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
Type | Announcement |
Subject | OTHERS |
Description | BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD (BHIC OR THE COMPANY) RECEIPT OF A LETTER OF AWARD FOR THE INTERIM IN-SERVICE SUPPORT (ISS) FOR THE ROYAL MALAYSIAN NAVY PRIME MINISTERS CLASS SUBMARINES |
The Company wishes to announce that on 17 May 2023, BHIC Submarine Engineering Services Sdn Bhd (“BSES”) (200301092901), a wholly owned subsidiary of BHIC, has accepted the Letter of Award dated 5 May 2023 from the Ministry of Defence Malaysia representing the Government of Malaysia, awarding BSES a contract for the Interim In-Service Support (ISS) for the Royal Malaysian Navy Prime Minister’s Class Submarines (“Contract”) at a contract value of Ringgit Malaysia Ninety Nine Million and Eight Hundred Thousand Only (RM99,800,000.00) for a contract period of eleven (11) months from 15 March 2023 until 14 February 2024. A formal contract between the Government of Malaysia and BSES will be finalized and executed at a later date.
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Announcement Info
Company Name | BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
Stock Name | BHIC |
Date Announced | 18 May 2023 |
Category | General Announcement for PLC |
Reference Number | GA1-17052023-00082 |