KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) said a joint venture company Boustead DCNS Naval Corp Sdn Bhd (BDNC) has received a letter from the Ministry of Defence (Mindef) claiming liquidated damages amounting to RM11.6mil and €6.46mil (RM31.2mil).
The claims are for the breach of obligations under the first supplemental contract of the In-Service Support (extended ISS contract) for two Royal Malaysian Navy submarines.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!