LCS: Mindef can directly pay OEMs if any 'problems' with SPV - minister

Published: Oct 31, 2023 2:33 PM | Updated: Oct 31, 2023 2:40 PM

PARLIAMENT | The Defence Ministry through the sixth supplementary agreement for the littoral combat ship (LCS) project, signed in May, has negotiated a clause that allows direct payments to be made to all original equipment manufacturers (OEM).

Defence Minister Mohamad Hasan said direct payments to the companies could be made if any “problems” arise with Ocean Sunshine Bhd, an indirect unit of the Minister of Finance Inc...

PARLIAMENT | Ministry negotiated a clause in the agreement to avoid repeat of past issues.

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