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Starburst unit wins $7.9 mil contract to build Middle East training facility

Jeffrey Tan
Jeffrey Tan12/29/2020 11:43 PM GMT+08  • 1 min read
Starburst unit wins $7.9 mil contract to build Middle East training facility
The contract is scheduled to commence in December 2020 and to be completed by November 2022.
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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.

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