KUALA LUMPUR, Aug 15 — BHIC AeroServices Sdn Bhd has been awarded a RM378 million contract from the Defence Ministry.
In a Bursa Malaysia filing today, Boustead Heavy Industries Corporation Bhd (BHIC) said BHIC Aeroservices Sdn Bhd (BHICAS) has accepted a letter of award for an in-service support and performance-based contract for Royal Malaysian Air Force EC725 Helicopters.
BHICAS is BHIC’s joint venture between its wholly owned subsidiary BHIC Defence Technologies Sdn Bhd, Prestige Pillar Sdn Bhd and Airbus Helicopters Malaysia Sdn Bhd.
BHIC said the contract is for a period of five years.
“A formal contract between the government of Malaysia 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.
— Bernama
