BOUSTEAD GETS RM11.16M JOB FROM DE­FENCE MIN­ISTRY

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Boustead Heavy In­dus­tries Corp Bhd (BHIC) has clinched a RM11.16 mil­lion con­tract from the Min­istry of De­fence Malaysia (MOD) for the sup­ply and de­liv­ery of spares, main­te­nance and train­ing for the Royal Malaysian Navy’s Bo­fors 40MM/L70 Gun. In a fil­ing with the stock ex­change, the group said BHIC Bo­fors Asia Sdn Bhd (BBA) had ac­cepted the let­ter of ac­cep­tance on Sept 30. BBA is a 51: 49 joint ven­ture be­tween BHIC De­fence Tech­nolo­gies Sdn Bhd and BAE Sys­tems Bo­fors Hold­ings Sdn Bhd. A for­mal con­tract be­tween the MOD and BBA will be signed at a later date.

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