COVID–19 NEWS   Owners of premises in buildings allowed to determine protocol on wearing of face mask at their venue - Johor Exco | Italy greenlights Omicron-adapted COVID-19 booster shots | New COVID-19 cases down 16.9 pct last week | Japan to simplify COVID-19 airport quarantine procedures | EMA endorses Omicron-adapted COVID-19 vaccines | 

BHIC unit accepts MINDEF's 9-month contract extension for RM79.32 mln

14/07/2022 07:33 PM

KUALA LUMPUR, July 14 (Bernama) -- Boustead Heavy Industries Corporation Bhd's (BHIC) indirect subsidiary, Boustead DCNS Naval Corporation Sdn Bhd (BDNC), has accepted another nine-month extension for a Ministry of Defence Malaysia (MINDEF) contract worth RM79.32 million.

In a filing with Bursa Malaysia today, BHIC said the extension is from Jan 1, 2022 to Sept 30, 2022.

BDNC had previously accepted a contract to provide in-service support for Prime Minister’s class submarines for the Royal Malaysian Navy.

"Apart from the extension of the contract period and a revision of the contract value, there are no significant differences between the substance of the contract and this extension. The additional contract extension will contribute positively to the earnings of BHIC group for the financial year ending Dec 31, 2022," the filing said.

BDNC is a joint venture company between BHIC Defence Technologies Sdn Bhd (60 per cent), a wholly owned subsidiary of BHIC, and Naval Group (40 per cent), the filing said.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy