BHIC's Unit Bags RM19m Contract from Ministry of Defence
16 November 2017
RMN frigates KD Jebat dan KD Lekiu (photo : Chanjunshen sports)
Boustead Heavy Industries Corp Bhd’s (BHIC) wholly owned subsidiary BHIC Defence Techservices Sdn Bhd has secured a contract worth RM19.5 million from the Ministry of Defence Malaysia for the supply and delivery of communications for Squadron 23rd Frigate of the Royal Malaysian Navy.
In an exchange filing today, BHIC said the contract is for the period of two years and a formal contract between the government and the company will be signed at a later date.
“The contract will have no material effect on the earnings of the company for the financial year ending December 31, 2017 but it will contribute positively to the future earnings of BHIC group,” it said.
Boustead Heavy Industries Corp Bhd’s (BHIC) wholly owned subsidiary BHIC Defence Techservices Sdn Bhd has secured a contract worth RM19.5 million from the Ministry of Defence Malaysia for the supply and delivery of communications for Squadron 23rd Frigate of the Royal Malaysian Navy.
In an exchange filing today, BHIC said the contract is for the period of two years and a formal contract between the government and the company will be signed at a later date.
“The contract will have no material effect on the earnings of the company for the financial year ending December 31, 2017 but it will contribute positively to the future earnings of BHIC group,” it said.
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