SHAH ALAM: BHIC subsidiary gets RM78 million submarine related contract. Boustead Heavy Industries Corp Bhd’s (BHIC) wholly-owned subsidiary has been awarded a contract worth RM78.14 million from the Ministry of Defence (Mindef) for the upkeep of submarine facilities for the Royal Malaysian Navy. In an announcement to Bursa Malaysia, BHIC […]
SHAH ALAM: Waiting for you. In an earlier post, a reader asked about the progress of the LCS. To be honest I have no idea but thanks to Boustead Heavy Industries Corporation (BHIC) we now know that actually nothing much is going on until the government decides what to do […]
SHAH ALAM: LMS classification. The Keris-class Littoral Mission Ship (LMS) comply with the Rules of Classification of Naval Ship 2016 (RCSNS 16) issued by China Classification Society (CCS), a member of the prestigious International Association of Classification Societies (IACS). What is a classification society then? According to the Maritime Connector, […]
SHAH ALAM: Run for your lives. Its appears that there was possible irregularities had occurred in Boustead Naval Shipyard as it manages the Littoral Combat Ship (LCS) project. The possible irregularities – likely graft – was uncovered by a forensic audit conducted by Boustead Heavy Industries Corporation Bhd (BHIC), the […]
SHAH ALAM: On budget and schedule, that was the message by TS Kamarulzaman Badaruddin on the Littoral Mission Ship (LMS) project, that was conceived and contracted during his tenure as the RMN chief. The retired admiral contacted Malaysian Defence the other day- unprompted-following news that the third LMS had been […]
SHAH ALAM: Nothing to see here. Boustead Heavy Industries Corporation (BHIC) reported a rather lackluster performance for the first six months of the year though it will depend on what report you read. The Edge reported that: Boustead Heavy Industries Corp Bhd (BHIC), which slipped into the red in the […]
SHAH ALAM: ISS contract to BDNC. Boustead Heavy Industries Corporation Bhd (BHIC) on June 16 announced its subsidiary company, Boustead DCNS Naval Corp Sdn Bhd (BDNC) was awarded a RM154.3mil contract from the Defence Ministry. BDNC — 60%-owned by BHIC’s unit BHIC Defence Technologies Sdn Bhd and 40%-owned by France’s […]
SHAH ALAM: Boustead subsidiary hit with another claim. Boustead Heavy Industries Corporation (BHIC) Bhd’s subsidiary company – Boustead DCNS Naval Corporation Sdn. Bhd. (BDNC) has received another claim from the Defence Ministry over its ISS contract for the Perdana-Menteri class submarines. The claim is made against the extended ISS contract […]
SHAH ALAM: LTAT Mulls Boustead Privatisation. The Armed Forces Fund Board (LTAT) the controlling shareholder of Boustead Holdings Bhd (BHB), is mulling plans to delist the publicly listed company. However there is no indication whether it will also do so for Boustead’s subsidiary company, Boustead Heavy Industries Corporation Bhd (BHIC) […]
SHAH ALAM: New CEO at BHIC. Boustead Heavy Industries Corporation (BHIC), has appointed Sharifuddin Md Zaini Al-Manaf as its new chief executive officer effective on April 1, the company says. BHIC in a statement said Sharifuddin was the former CEO of Orkim Sdn Bhd, a Malaysian state owned investment company […]
Malaysian Defence
