Boustead DCNS secures RM1.32 billion contract to service Scorpene submarines

(Bernama) — Boustead Holdings Bhd announced on Friday that its subsidiary Boustead DCNS Naval Corporation Sdn Bhd has secured a contract to provide in service support for the two Royal Malaysian Navy’s Prime Minister Class Scorpene submarines.

The contract worth 193 million euro (one euro=RM4.07) and RM532 million and is effective for a period ending Nov 30, 2015, the company said in a filing to Bursa Malaysia.

Boustead Holdings said the contract included a full submarine integrated logistics support package which consisted of a comprehensive spare parts package as well as the outfitting of workshop equipment, respective yard facilities and equipment, submarine safety conditioning facilities and their corresponding upkeep and maintenance.

The contract also covered tugboat services and the operation and maintenance of the shiplift, transfer system and submarine “umbilical services”, it added.