Penguin International wins first Singapore Navy prime contract

Penguin International Limited Singapore Navy naval shipbuilding landing craft defense procurement

Penguin International Limited has secured its first naval prime contract from the Ministry of Defence of Singapore. The shipbuilder will design, engineer, and construct two landing craft for the Republic of Singapore Navy (RSN).

This marks the company’s inaugural naval shipbuilding program as a prime contractor in its 50-year history. The project will be executed entirely in Singapore, utilizing Penguin’s in-house engineering and production assets at its Tuas shipyard.

While the specific contract value remains confidential, Penguin expects the project to contribute positively to its revenue and earnings starting from FY2027. Previously, the company had worked with the RSN as a subcontractor.

Entities

Ministry of Defence of Singapore · Penguin International Limited · Republic of Singapore Navy

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The landing craft contract will be executed entirely in Singapore. militaryleak.com · www.businesstimes.com.sg
[○ 1 SOURCE] The contract is expected to contribute positively to the group’s revenue and earnings starting from FY2027. www.businesstimes.com.sg
[● 2 SOURCES] This is Penguin’s first naval shipbuilding programme as a prime contractor for the RSN in the shipbuilder’s 50-year history. militaryleak.com · www.businesstimes.com.sg
[● 2 SOURCES] Penguin International Limited has secured a contract with the Ministry of Defence to build two landing craft for the Republic of Singapore Navy (RSN). militaryleak.com · www.businesstimes.com.sg

Sources

Singapore To Develop New Landing Craft | Asian Defence Journal [adj.com.my]

2 months ago

Penguin Secures First Naval Prime Contract with Singapore Landing Craft Order [militaryleak.com]

2 months ago

Shipbuilder Penguin International wins first prime contract with Singapore Navy [www.businesstimes.com.sg]

2 months ago