SPV

Defence Contract

LCS Now Costs RM11.2 Billion, Updated

26 May 2023 Marhalim Abas 28

LANGKAWI: The cost for the five-ship LCS project has been bumped up for around RM2 billion more. The figure was released by Boustead Heavy Industries Corporation Sdn Bhd (BHIC) in a Bursa Malaysia announcement today (May 26). The cost for the five ships is now RM11.2 billion compared to RM9.1 […]

Defence Contract

Only First Two LCS by 2025, PAC Report

4 August 2022 Marhalim Abas 38

SHAH ALAM: Only first two LCS. Only the first two LCS will be completed by 2025 as part of the revival of the project, it was revealed today. Once the successful sea acceptance trials (and likely commissioning) of the first two, that the government will make decision to complete the […]