Boustead Unit Bags RM92m Mindef Contract

Boustead Holdings Bhd’s unit, Boustead Naval Shipyard Sdn Bhd has bagged a RM92.43 million contract from the Ministry of Defence Malaysia (Mindef) for the scheduled refit maintenance of a patrol vessel, known as KD Pahang for the Royal Malaysian Navy. 

In a note to the exchange yesterday, the investment holding company said the KD Pahang work will contribute positively to the earnings of the group for the financial year ending Dec 31, 2015, and 2016. The written acknowledgment was executed on Sept 17, 2015. (The Malaysian Reserve)