Boustead Heavy Industries Corp Bhd (BHIC) has been awarded a contract for the second generation patrol vessels by Boustead Naval Shipyard Sdn Bhd. BHIC’s subsidiary, Contraves Advanced Devices Sdn Bhd, will supply the torpedo- launching system for the Littoral Combat Ships programme under the contract.
In a statement to Bursa Malaysia, the maritime and defence solutions provider said it had via its unit Contraves Advanced Devices Sdn Bhd (CAD) received a Letter of Award (LOA) from Boustead Naval Shipyard Sdn Bhd (BNS). “ The LOA awards to CAD contracts is to supply the Torpedo Launching System for the LCS Programme ,” said BHIC , adding that other details are classified.
The contract is not expected to have a material impact on BHIC’s earnings for the financial year ending December 31.
[mappress] Press Release, November 14, 2013