Equipment stored in warehouses at the Boustead Naval Shipyard (BNS) is not obsolete but in the process of obsolescence, said the company’s chief executive officer Azhar Jumaat today.

The BNS chief said this in response to a Public Accounts Committee’s (PAC) report on littoral combat ships (LCS) claiming that about 15 percent of total inventory worth RM1.7 billion was obsolete.

During a media visit to the shipyard in Lumut, Perak today, Azhar told members of the press that...