SGPV Contracts

PETALING JAYA: IT is reported today that Boustead Naval Shipyard has awarded two contracts for its sister companies as part of the SGPV programme. As I had mentioned before updates on the SGPV programme is coming in drips. Fun for BNS of course but not for us the defence junkies! In the story below, it is confirmed that the DCNS SETIS will be the CMS for the ships and the Rheinmental FCR most probably TMX or the TMXEO has been chosen for the ships.

However, there is still no word on the type of missiles that will be installed on the ships. Will it be the NSM and ESSM combo or the French (oops European) Exocet and MICA? One wonders what will the cat bring during DSA 2012, next week? As far as I am concern the other systems I mentioned in previous postings remained the same.

From the Star:
KUALA LUMPUR: Boustead Naval Shipyard Sdn Bhd (BNS) has issued three letters of award (LoAs) worth RM1.532bil to Contraves Advanced Devices Sdn Bhd (CAD), a subsidiary of Boustead Heavy Industries Corp Bhd (BHIC).

In a filing with Bursa Malaysia, Boustead Holdings said the three LoAs were in relation to the contract for second generation patrol vessels/ Littoral combat ships received previously by BNS from the Government.

“CAD is to undertake engineering and integration works in connection with the DCNS SETIS Combat Management System (CMS), together with procurement of the CMS and the Rheinmetall Fire Control System at a total ceiling contract sum of RM1.532bil for an implementation period of up to 10 years from the commencement date of the awarded works,” it said.

The commencement date of the awarded works is April 9.

“The awarded works are expected to contribute positively to the earnings of the company for the financial year ending Dec 31 and subsequent financial years as the tenure of the awarded works is long term in nature,” it said.

Boustead Holdings has a direct interest of 65% in BHIC and 68.85 % in BNS.

— Malaysian Defence

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