Boustead Heavy Industries Corporation BHD (BHIC) announced in early october that its associate company Boustead Naval Shipyard has received confirmation from the Malaysian Ministry of Defence on a 10 year contract worth RM9 billion to build six Second Generation Patrol Vessel (SGPV) as part of the Malaysian Littoral Combat Ship (LCS) program.
“The company wishes to inform that on Oct 1, 2013, Boustead Naval Shipyard Sdn Bhd (BN Shipyard) has received an amended letter of acceptance dated Sept 27, 2013, from the Ministry of Defence Malaysia for the contract to design, construct, equip, test and deliver six units of second-generation patrol vessels with combatant capabilities for the Royal Malaysian Navy,” BHIC said in a filing with Bursa Malaysia.
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