Starburst Holdings’ wholly owned subsidiary Starburst Engineering has clinched a contract worth about $7.9 million.
The contract pertains to the design, supply, installation, testing and commissioning of an indoor and outdoor shooting ranges training facility in the Middle East.
SEE:'Buy' Starburst Holdings on strong turnaround, growing military spending: UOB
The contract is scheduled to commence in December 2020 and to be completed by November 2022.
Starburst says it does not expect the contract to have a material impact on its net tangible assets and earnings per share for the financial year ending Dec 31, 2020.
Starburst ended up 0.2 cent or 1.3% at 15.3 cents with 546,800 shares changed hands on Dec 29.