Malaysia

Naval Group agrees to continue negotiating LCS price: Mindef

Agreement reached at meeting in France, says Defence Ministry

Updated 4 years ago · Published on 21 Oct 2022 9:48PM

Naval Group agrees to continue negotiating LCS price: Mindef
Following negotiations with 145 local vendors and 42 overseas original equipment manufacturers, Boustead Naval Shipyard Sdn Bhd as the manufacturing company has received commitments involving equipment and systems to support BNSSB in continuing the littoral combat ships project. – Hishammuddin Hussein Facebook pic, October 21, 2022

KUALA LUMPUR – Naval Group, the French company supplying littoral combat ships (LCS) for the Royal Malaysian Navy, has agreed to continue negotiating prices with Boustead Naval Shipyard Sdn Bhd (BNSSB).

In a statement today, the Defence Ministry said that the agreement was reached during a meeting held in France among representatives of the ministry, France’s Directorate General of Armaments (DGA) international directorate director Gaël Diaz De Tuesta, France’s Defence Ministry, and Naval Group.

DGA is a French government agency responsible for handling military procurement.

It said the French company is also committed to ensuring the full completion of the LCS within the timeframe stipulated by the Malaysian government.

“This is a significant and positive development and can further strengthen the efforts of all parties… to ensure that the LCS project can continue as best as possible in line with the recommendations of several stakeholders including the cabinet, Public Accounts Committee, and the Committee on Governance, Procurement and Finance Investigation.

“The mobilisation phase has also gone smoothly and all related parties have carried out their respective roles as best as possible...with this development, it is expected that all negotiations will be finalised by the end of December,” read the statement.

On October 2, caretaker defence minister Datuk Seri Hishammuddin Tun Hussein said the six-month mobilisation phase of the LCS project which began in June had gone smoothly and shown positive progress in line with stakeholders’ recommendations.

He said that following negotiations with 145 local vendors and 42 overseas original equipment manufacturers, BNSSB as the manufacturing company had received commitments involving equipment and systems to support BNSSB in continuing the LCS project. – Bernama, October 21, 2022

Related News

Malaysia / 3y

PAC to table report on LCS next month

Malaysia / 3y

LCS project set to resume next month, first ship expected at end-2026: navy

Malaysia / 3y

LCS: PAC to visit Lumut naval base, commence proceedings on Saturday

Malaysia / 3y

Transparency International again demands govt explain LCS issues

Malaysia / 3y

MoF has no choice but to take over LCS project: Anwar

Malaysia / 3y

MoF sets up SPV to take over Boustead as subsidiary

Spotlight

Opinion

Can Najib break Madani?

World

Trump offers UFC CEO the position of Press Secretary

Malaysia

Building a great nation begins with happy families, says Anwar

Malaysia

Anwar should sack BN ministers who are not aligned with him – Muhyiddin

Malaysia

AGC rejects claims of defying King’s decree on Najib

Malaysia

Deepavali: Selangor Sultan calls on Malaysians to strengthen unity, reject hatred

Malaysia

If there were still obstacles, why accept the RM50m payment, asks Najib’s daughter

Malaysia

Where did UMNO's RM50 million payment for Najib's release come from?

By The Vibes Says

You may be interested

Malaysia

32.3 million WhatsApp users in Malaysia face malware threat

Malaysia

24 families lose homes in Kanowit longhouse fire

Malaysia

Najib house arrest order: AG acknowledges glaring errors as questions mount

Malaysia

2 women injured as 2 restaurants catch fire in Brickfields

Malaysia

PH Melaka seeks early voter support for federal government's policy direction

Malaysia

Building a great nation begins with happy families, says Anwar

Malaysia

17-year-old girl found dead near Putrajaya multi-storey car park

Malaysia

Anwar should sack BN ministers who are not aligned with him – Muhyiddin