LCS project downsized, cost increased to RM11.2b

Putrajaya has inked a new deal with Boustead Naval Shipyard Sdn Bhd (BNS) that will resume the long-stalled littoral combat ship (LCS) project.

According to parent company Boustead Holding’s filing to Bursa Malaysia today, the sixth supplemental contract signed today will require its subsidiary Boustead Naval Shipyard (BNS) to deliver five LCS instead of six.

The total contract price has been revised to...