08 December 2011

News Story: Malaysia firm expects to seal French ship deal

A Malaysian government-linked shipbuilder said Wednesday it expects to finalise the sale of six naval vessels developed by French navy equipment manufacturer DCNS next month.

Boustead Naval Shipyard was selected by the Malaysian navy earlier this year to build the six corvettes, which are designed for coastal patrol activities.

Zainal Abidin Ahmad, Boustead's assistant general manager, said the two companies would present final design specifications to the navy this month.

"Our expectation is to get it (the deal) signed in January," Zainal said at a maritime and aerospace show on the Malaysian resort island of Langkawi.

Read the full story at MSN News