Boustead Heavy Industries Corporation Bhd's (BHIC) wholly-owned subsidiary, BHIC Submarine Engineering Services Sdn Bhd (BSES), has received letters of award for two Royal Malaysian Navy (RMN) submarine-related contracts from the Defence Ministry worth RM140 million.

BHIC told the stock exchange that the first contract involves interim in-service support (ISS) for the RMN Prime Minister’s Class submarines at a value of RM99.8 million...