23 April 2013

BHIC Sub-subsidiary Gets 2 Contracts Worth RM515 Million

23 April 2013

Thales SMART-S surveillance radar (photo : thales)

KUALA LUMPUR (Bernama) -- Boustead Heavy Industries Corporation Bhd (BHIC) has announced that its sub-subsidiary, Contraves Advanced Devices Sdn Bhd (CAD), today accepted two letters of award (LOAs) from Boustead Naval Shipyard Sdn Bhd (BNS) in relation to the contract for the Second Generation Patrol Vessels/Littoral Combat Ships (LCS Programme).

Thales Captas variable depth sonar (photo : Navy Recognition)

BNS is an associate company of BHIC and a subsidiary of Boustead Holdings Bhd.

In a statement Monday, BHIC said the awards are to supply Thales Underwater Systems combined active/passive towed array sonar (CAPTAS) with simulators, and Thales Nederland B.V. SMART-S surveillance radar with simulators, for the LCS Programme.

Thales Captas is a Low Frequency Active and Passive Variable Depth Sonar for Large Platform   (image : Thales)

The awarded works, valued at RM287.02 million and RM227.97 million respectively, are over an implementation period of up to 10 years from the commencement date, BHIC said.

The awards are expected to have a positive impact on its earnings for the financial year ending Dec 31, 2013 and subsequent financial years, it added.


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