BOUSTEAD GETS RM11.16M JOB FROM DEFENCE MINISTRY
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.