KUALA LUMPUR: Boustead Heavy Industries Corp
Bhd (BHIC) has secured a RM378mil contract from the Defence Ministry for in-service support and performance-based services for the Royal Malaysian Air Force (RMAF) helicopters.
In a filing with Bursa Malaysia, BHIC said the contract is for a period of five years and will see BHIC AeroServices Sdn Bhd (BHICAS), a joint venture between BHIC Defence Technologies Sdn Bhd (51%), Prestige Pillar Sdn Bhd (30%), and Airbus Helicopters Malaysia Sdn Bhd (19%), providing comprehensive in-service support for the RMAF’s fleet of EC725 helicopters.
BHIC said a formal contract between the government and BHICAS will be finalised and executed at a later date.
“The contract will contribute positively to the earnings of the BHIC Group for the financial years from 2024 to 2029,” it said.
