BHIC Berhad announces that its subsidiary BHIC Submarine Engineering Services Sdn Bhd has accepted the Letter of Award from the Ministry of Defence Malaysia awarding its an expansion of the Scope of Work for the Royal Navy.
The award also includes additional contract ceiling price for the In-Service Support Interim for the Royal Malaysian Navy Prime Minister Class Submarines at a contract value of RM43 million.
The company said a formal contract between the Government of Malaysia and BSES will be finalised and executed at a later date. BHIC noted the contract will contribute positively to the earnings of the BHIC Group for the financial year ending 31 December 2024.
