KUALA LUMPUR: Boustead Naval Shipyard Sdn Bhd (BN Shipyard), a subsidiary of Boustead Holdings Bhd (BHB) and an associate company of Boustead Heavy Industries Corp Bhd (BHIC), yesterday signed a RM9 billion contract to design, build and deliver six second-generation patrol vessels with littoral combat ship capability for the Royal Malaysian Navy (RMN).
BN Shipyard was previously presented a letter of award (LOA) from the Ministry of Defense (MOD) on December 16 2011. The contract is to be implemented over Tenth, Eleventh and Twelfth Malaysia Plans.
BN Shipyard managing director Tan Sri Ahmad Ramli Mohd Nor said:
“We are pleased to have formally signed this important contract
with the Ministry of Defence and we are honoured to be entrusted with carrying out this vital national project. Work on the final design and key procurement aspects of the project is well in hand, and the formal contract allows us to recognise a greater element of our ongoing work.”