KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) expects to build the first littoral combat ship (LCS) early next year, under a RM9bil contract awarded to its associate company.
This, coupled with the group’s growing maintenance, repair and overhaul (MRO) business, will help the company improve its financial performance in the current financial year ending Dec 31, 2014.
“We are confident of doing much better this year. BHIC’s order book for shipbuilding and MRO for this year is more than RM500mil,” managing director Tan Sri Ahmad Ramli Mohd Nor told reporters after the company’s AGM yesterday.
He said the LCS programme was ahead of schedule and that actual work at the group’s shipyard in Lumut, Perak was expected to commence once the LCS project contract was finalised.
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