Boustead Secures Contract from Airbus

Airbus Military A400M (photo : Airplane Pictures)

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s (BHIC) unit, Contraves Advanced Devices Sdn Bhd, has secured a contract to manufacture and supply Airbus mission systems, spares and logistics with Cassidian Airborne Solutions GmbH.


BHIC said its unit signed a contract for the manufacture and supply of Airbus A400M mission systems, spares and logistics for an initial 140 shipsets, which would be implemented over a period of several years.

“The actual contract period will be determined by the drawdowns of the contract,” the company said in a filing to Bursa Malaysia today.

Contraves Advanced Devices is a joint-venture company between BHIC Defence Technologies Sdn Bhd, a wholly-owned subsidiary of the company and Rheinmetall Air Defence AG.

Cassidian Airborne Solutions GmbH is a JV of Rheinmetall AG and EADS NV.

BHIC said the contract is not expected to have an impact on the group’s earnings for the current financial year ending Dec 31, 2013.

However, the contract will positively contribute to BHIC's future earnings.

(Business Times)