PSC-Naval Dockyard, the company now absorbed by Boustead Heavy Industries Corporation Berhad, was made the major contractor for the building and delivery of the New Generation Patrol Vessels (NGPV) programme for the Royal Malaysian Navy.
Subsequent financial and delivery problems of PSC-Naval Dockyard caused by serious corruption caused the Malaysian government to engage Boustead Holdings Bhd to acquire PSC-Naval Dockyard and complete the program after a delay of 18 months.