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Announcement
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RECEIPT OF LETTER OF AWARD
Posted on 16th December, 2011
General Announcement (Reference No BH-111216-64447)
Date Announced : 16/12/2011
BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD - RECEIPT OF LETTER OF AWARD TO UNDERTAKE THE CONSTRUCTION OF SIX (6) SECOND GENERATION PATROL VESSEL - LITTORAL COMBAT SHIPS (FRIGATE CLASS)
Further to the announcement made on 18 October 2010, the Company wishes to inform that its associate company, Boustead Naval Shipyard Sdn. Bhd. had received the Letter of Award dated 16 December 2011 from the Ministry of Defence Malaysia for the Contract to design, construct, equip, install, commission, integrate, test and trials, and deliver six (6) units of Second Generation Patrol Vessels Littoral Combat Ships (Frigate Class). The Contract carries a ceiling of RM 9.0 billion, to be implemented over three (3) Malaysia Plans, 10, 11 and 12. The delivery of the First of Class ship is estimated in 2017 with follow on ships every 6 months thereafter.
The Contract will have no material effect on the earnings of the Company for the financial year ending 31 December 2011, but will contribute positively to the future earnings of BHIC Group.
None of the Directors nor Substantial Shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Contract.
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HEADS OF AGREEMENT - BHIC DEFENCE TECHNOLOGIES SDN BHD
Posted on 9th December, 2011
Reference No BH-111208-62300
Date Announced : 09/12/2011
HEADS OF AGREEMENT BETWEEN BHIC DEFENCE TECHNOLOGIES SDN BHD AND EUROCOPTER MALAYSIA SDN BHD
1. INTRODUCTION
Boustead Heavy Industries Corporation Berhad (BHIC) is pleased to announce that its wholly owned sub-subsidiary, BHIC Defence Technologies Sdn Bhd ("BHICDT"), has on 7 December 2011 entered into Heads of Agreement (HOA) with Eurocopter Malaysia Sdn Bhd (ECM) for the purpose of forming a joint venture company (JVCo) in Malaysia (JV).
The purpose of the HOA is to express the wish of BHICDT and ECM to establish a long term relationship through the creation of a JVCo for their mutual benefit and gain and to undertake the development of pilot training services using a simulator for EC225/725 EC helicopters family for military and civil customers. The territory covered by the JVCo shall be the Asian region.
2. BACKGROUND INFORMATION ON ECM
ECM is a Malaysian company and is a wholly owned subsidiary of Eurocopter, a global helicopter manufacturer which itself is a wholly owned subsidiary of the EADS Group, involved in training for helicopter pilots for military and civil markets and related businesses.
3. DURATION AND TERMINATION
The HOA shall remain in force until the signature of the JV Agreement (JVA). However, if the parties do not reach an agreement on the JVA within a twelve (12) months period following the signature of the HOA, each party shall have the right to terminate the HOA by giving the other party two (2) months prior notice in writing.
4. EFFECT OF THE HOA
The HOA is not expected to have any material financial effect on the BHIC Group in the current financial year ending 31 December 2011. The HOA does not have any effect on the substantial shareholders' shareholdings in BHIC.
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SUPPLY OF CARGO LOADING SYSTEM ASSEMBLIES FOR AIRBUS A400M, A380, A330 AIRCRAFT
Posted on 8th December, 2011
Reference No BH-111208-47628
Date Announced : 08/12/2011
AGREEMENT BETWEEN CONTRAVES ADVANCED DEVICES SDN BHD AND RHEINMETALL DEFENCE ELECTRONICS GMBH FOR THE MANUFACTURE AND SUPPLY OF CARGO LOADING SYSTEM ASSEMBLIES FOR AIRBUS A400M, A380, A330 AIRCRAFT
Boustead Heavy Industries Corporation Berhad (the Company) wishes to announce that Contraves Advanced Devices Sdn Bhd (CAD), a sub-subsidiary of the Company, had on 8 December 2011 entered into an Agreement with Rhienmetall Defence Electronics GmbH for the manufacture and supply of cargo loading system assemblies for Airbus A400M, A380, A330 aircraft.
The detail of the press release is as per the attachment.
Media Release.docx
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UPDATE ON JOINT VENTURE AGREEMENT - BHIC DEFENCE TECHNOLOGIES SDN. BHD.
Posted on 7th December, 2011
Reference No BH-111207-58306
Date Announced : 07/12/2011
UPDATE ON JOINT VENTURE AGREEMENT BETWEEN BHIC DEFENCE TECHNOLOGIES SDN. BHD., PRESTIGE PILLAR SDN. BHD. AND EUROCOPTER MALAYSIA SDN. BHD.
Further to the announcements made on 3 June 2010, 18 August 2010, 22 November 2010, 21 February 2011, 30 May 2011, 15 August 2011 and 17 November 2011 the Company wishes to inform BHIC AeroServices Sdn Bhd, had on 7 December 2011 been awarded Approved Maintenance Organisation (AMO) certification from the Directorate General Technical Airworthiness of the Malaysian Armed Forces which is also the Malaysian State Technical Airworthiness Authority.
The detail of the press release is as per the attachment.
PRESS RELEASE on AMO Fennec RMN - FINAL VERSION3.docx
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HEADS OF AGREEMENT - BHIC DEFENCE TECHNOLOGIES SDN BHD AND EUROCOPTER MALAYSIA SDN BHD
Posted on 7th December, 2011
Reference No BH-111207-58783
Date Announced : 07/12/2011
Description : HEADS OF AGREEMENT BETWEEN BHIC DEFENCE TECHNOLOGIES SDN BHD AND EUROCOPTER MALAYSIA SDN BHD
Please refer to the attachment for details.
Announcement.HOA.BHICDT.ECM.07.12.11.doc
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