Thursday 25 Apr 2024
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KUALA LUMPUR (Dec 9): Boustead Heavy Industries Corp Bhd's (BHIC) wholly-owned unit, BHIC Defence Techservices Sdn Bhd (BDTS), has bagged a RM3.7 million contract from the chief secretary to the Defence Ministry to supply spare parts for the Royal Malaysian Navy's (RMN) weaponry.

In a filing with Bursa Malaysia today, BHIC said the contract entails the maintenance and supply of spare parts for 76/62MM Oto Melara Gun, 40/70MM Oto Breda Gun, 30MM Oto Breda Gun and 102MM Light Decoy Launcher for the RMN.

The contract will be for a period of three years from the date of acceptance of the award by BDTS.

“The contract will have no material effect on the earnings of the BHIC group for the financial year ending Dec 31, 2014, but will contribute positively to its future earnings,” said the group.

BHIC shares fell 2 sen or 0.88% to close at RM2.25 today, bringing its market capitalisation to RM561.51 million.
 

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