BHIC Receives Submarine ISS Deal for Malaysian Navy
Boustead Heavy Industries Corp Bhd (BHIC) has finalized an in-service support (ISS) deal for two Scorpene submarines for the Royal Malaysian Navy.
The deal was first announced by the Government of Malaysia in August 2010.
The contract value remained the same as in the original Letter of Award at RM1.31 billion (EUR 193 million and RM532 million) for two Prime Minister’s Class Scorpene Submarines.
BDNC is a joint venture between BHIC Defence Technologies Sdn Bhd (60 percent), a wholly-owned subsidiary of BHIC, and DCNS S.A. (40 percent).
Naval Today Staff, September 05, 2014; Image: Wikimedia