09 September 2015
Kedah class FFG of the 23rd Navy Frigate Squadron (photo : US Navy)
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, 2017 for the remaining contract value of RM43.45 million.
Boustead said the contract will not have a material effect on the group's earnings.