ASEAN Military Defense Review: Boustead wins contract extension worth RM43.45m

Boustead wins contract extension worth RM43.45m

PETALING JAYA, -- Boustead Holdings Bhd has clinched a contract extension for the supply and delivery of spare parts and training for the 23rd Navy Frigate Squadron from Ministry of Defence worth RM43.45 million.

In a atock exchnage filing yesterday, Boustead said its subsidiary, Boustead Naval Shipyard Sdn Bhd, has received a letter of award from the Ministry of Defence on Sept 3, 2015.

The extension was for a period of two years up to Sept 9, 2025 for the remaining contract value of RM43.45 million.

Boustead said the contract will not have a material effect on the group's earnings.