July 23, 2014 1:42 PM ET

Machinery

Company Overview of Boustead Naval Shipyard Sdn. Bhd.

Company Overview

Boustead Naval Shipyard Sdn. Bhd. provides shipbuilding and repair services for the navy and maritime industries. It engages in building various naval and commercial vessels, such as patrol vessels, fast troop carriers, anchor handling tug, offshore supply vessels, luxury yacht hotel, and vehicular ferries; ship repair works for vessels; maintenance, repair, and overhaul services for naval and land-based electronics defense systems; and repair, maintenance, and overhaul services for various weapons that include medium and short range guns, anti aircraft guns, and guns and rocket launchers. Boustead Naval Shipyard Sdn. Bhd. was formerly known as PSC Naval Dockyard Sdn Bhd and changed its name...

Royal Malaysian Navy Base

Lumut,  32100

Malaysia

Founded in 1984

Phone:

60 5 683 5701

Fax:

60 5 683 5708

Key Executives for Boustead Naval Shipyard Sdn. Bhd.

Chief Executive Officer
Compensation as of Fiscal Year 2014.

Boustead Naval Shipyard Sdn. Bhd. Key Developments

Boustead Naval Shipyard Sdn. Bhd. Receives MYR 9 Billion Contract

Boustead Holdings Berhad referred to the announcements made on 16 December 2011 and 1 October 2013 with regard to the receipt of letter of acceptance from the Ministry of Defense Malaysia by Boustead Naval Shipyard Sdn Bhd to design, construct, equip, install, commission, integrate, test and trials, and deliver six units of Second Generation Patrol Vessels with Littoral Combat Ship capability for the Royal Malaysian Navy at a contract value of MYR 9 billion.

Ingat Kawan (M) Sdnbhd Provides Update on Material Litigation against Boustead Naval Shipyard Sdn Bhd

Ingat Kawan (M) SdnBhd's material litigation against Boustead Naval Shipyard Sdn Bhd(BNS). Putrajaya Court of Appeal Civil Appeal No. A-02(IM)(NCVC)-786-04/2013 (Ipoh High Court Suit No. 22NCVC-193-08/2012). Further to the announcement dated 3 April 2013 where BNS succeeded in striking out the Plaintiff’s claim at the High Court, the Court of Appeal had on 11 November 2013 allowed Plaintiff’s appeal and ordered the case to be tried at the High Court.

Boustead Naval Shipyard Sdn. Bhd. Receives Amended Letter of Acceptance from the Ministry of Defence Malaysia for the Contract

BOUSTEAD HOLDINGS BERHAD announced its subsidiary company, Boustead Naval Shipyard Sdn. Bhd. has received an amended Letter of Acceptance dated September 27, 2013 from the Ministry of Defence Malaysia for the contract to design, construct, equip, test and deliver six units of Second-Generation Patrol Vessels With Combatant Capabilities (Littoral Combatant Ships, LCS) for the Royal Malaysian Navy. The Ministry of Defence Malaysia, in the Amended LOA has confirmed the following: The value of the Contract has been fixed at MYR 9.0 billion; The Contract period is 10 years, effective from December 29, 2011 to December 28, 2021; and Further advance payment of MYR 700 million will be paid in stages to BN Shipyard. The contract will have no material effect on the earnings of the company for the financial year ending December 31, 2013 but will contribute positively to the future earnings of the BHB Group.

Similar Private Companies By Industry

Company Name Region
BKJS Trucks Sdn Bhd Asia
Unimech Engineering (J.B.) Sdn. Bhd. Asia
Arcline Sdn Bhd Asia
PMT-Dong Yuan Industries Sdn Bhd Asia
Geltec Technologies Sdn. Bhd. Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Boustead Naval Shipyard Sdn. Bhd., please visit www.bnshipyard.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.