Defence Contract
Boustead Subsidiary Hit With Claim
SHAH ALAM: The Defence Ministry is seeking liquidated damages totalling RM147.7 million from Boustead Heavy Industries Corp (BHIC) Bhd subsidiary, Boustead DCNS Naval Corp Sdn Bhd, for breaching its Scorpene submarines support contract. In a filing to the Bursa Malaysia on July 11, BHIC says Boustead DCNS, received a letter […]