KUALA LUMPUR (Sept 2): Boustead Heavy Industries Bhd (BHIC), which is embroiled in the RM9 billion littoral combat ship (LCS) project fiasco, announced that the letter of awards to two main contractors in relation to the six vessels for the Royal Malaysian Navy (LCS Programme) have been voided. "The company will continue to engage all relevant stakeholders to give its full cooperation in ensuring that the progress of the LCS programme will not be impacted, in the best interest of national security," it said. BNS had appointed the companies as the main contractors for the project. Meanwhile, BNS is 20.77%-controlled by BHIC, 68.85% by Boustead Holdings Bhd, with armed forces fund Lembaga Tabung Angkatan Tentera (LTAT) holding 10.38%. The LCS project was awarded to BNS by the government through the Ministry of Defence in 2014.
