Wednesday, April 1, 2015

Boustead-DCNS joint venture secures submarine service

30 March 2015
Boustead DCNS Naval Corporation (BDNC) - a joint venture between BHIC Defence Technologies and French shipbuilder DCNS - has been notified of a contract extension to provide in-service support to the Royal Malaysian Navy's (RMN's) two Scorpene attack submarines.
The majority owner of BDNC, Boustead Heavy Industries Corporation (BHIC), said in a statement to the Bursa Malaysia stock exchange on 30 March that it had received a letter of acceptance from the Malaysian government to extend submarine support services until May 2017.
BHIC said the value of the contract extension was MYR531.2 million (USD143 million). The original submarine support contract was awarded in 2010 and was scheduled to expire later this year.

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