Lumut Naval Shipyard

What Lumut Naval Shipyard does

Lumut Naval Shipyard (LUNAS), legally Lumut Naval Shipyard Sdn. Bhd., is a Malaysian naval shipbuilding and maritime engineering company headquartered at the Naval Base in Lumut, Perak, with a corporate office in Kuala Lumpur. Founded in 1984 and wholly owned by Ministry of Finance Incorporated (MoF Inc.), the company operates through three facilities: the main Lumut shipyard, LUNAS ShipRepair (also in Lumut), and LUNAS Langkawi Shipyard. Its core business is constructing five Littoral Combat Ships (LCS) for the Royal Malaysian Navy under a programme reactivated in 2024 with 76 international partners, alongside ship repair, refit, and modernization services for naval and commercial vessels, exemplified by the KD KASTURI corvette refit completed in December 2024.\n\nLUNAS's technical differentiation centers on its Shore Integration Facility (SIF) — described as unique in Malaysia — which mirrors the onboard Combat Management System (CMS) to test sensors, communications, and weapon launchers before deployment. The company also completed the LCS detailed design entirely with local Malaysian talent, approved by Naval Group France and Bureau Veritas. Supporting operations is the MyLUNAS internal digital platform, which integrates modules for digital employee experience, leave management, quality inspection across 13 disciplines (hull, propulsion, electrical, electronic, etc.), e-tendering (I-MARS), HSE reporting, and workforce dashboards. Revenue is generated primarily through one-time government defense contracts for naval vessel construction, professional services for ship repair and refit, and commercial maritime work for oil & gas operators and shipping companies. Customer concentration is heavily skewed to the Royal Malaysian Navy and other government agencies, with secondary commercial clients including Sapura Energy, Murphy Oil, EA Technique, Borcos Shipping, Java Offshore, and Halim Mazmin Group.\n\nThe company was rebranded from its prior identity to LUNAS in January 2024 as part of a four-pillar transformation (Structural Reform, Professionalism, Business-Centric Culture, Stakeholders' Engagement) and has since accumulated multiple recognitions, including CEO of the Year (Ir. Azhar Jumaat) at the Business Leader of The Year Awards 2026, Malaysia Public-Private Partnership of the Year – Maritime & Ports (GovMedia Awards 2025), and the BrandLaureate Nation's Pride award (2025). Total personnel stood at 3,714 (1,322 LUNAS staff plus 1,058 subcontractors) per the July 4, 2026 workforce dashboard, reflecting the scale-up required to deliver the LCS programme alongside refit and commercial workloads.

Name

Lumut Naval Shipyard

Legal name

Lumut Naval Shipyard Sdn. Bhd.

Website

https://mylunas.com.my

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Lumut Naval Shipyard (LUNAS) is Malaysia's state-owned naval shipbuilder, wholly owned by the Ministry of Finance Incorporated. It constructs Littoral Combat Ships for the Royal Malaysian Navy, provides ship repair and refit services, and serves commercial maritime clients.

Ownership category

akta.pro rank

Product category

Defence Naval Shipbuilding

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Surface Combatants (Destroyers, Frigates, Corvettes) (IMAJABAA)

akta.pro secondary industries

Naval Ship Modernization, Refits & Life Extension (Depot Maintenance) (IMAJABAI), Naval & Government Vessel Maintenance & Modernization (TLAKAKAB)

Keywords

• Naval shipbuilding
• Ship repair services
• Combat systems integration
• Vessel refit
• Defence shipbuilding

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Infrastructure, Supply Chain, Technology or R&D, Operations

Revenue model

1. Naval Shipbuilding: Construction of naval vessels including Littoral Combat Ships (LCS) for the Royal Malaysian Navy. Revenue generated through large-scale government defense contracts.
2. Ship Repair and Refit Services: Maintenance, repair, and refit services for naval and commercial vessels including KD KASTURI, KD JEBAT, and other Royal Malaysian Navy ships. Services include piping systems overhaul, navigation radar replacement, propulsion systems servicing.
3. Commercial Maritime Services: Shipbuilding and repair services for commercial clients including offshore vessels, utility boats (SEMUT 1), and maritime industry operators.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Lumut Naval Shipyard builds, repairs, and modernizes naval and commercial vessels, with the Littoral Combat Ship (LCS) programme for the Royal Malaysian Navy as its flagship contract. The company provides full shipyard services spanning detailed warship design, combat systems integration via its proprietary Shore Integration Facility, ship construction, sea trials, and post-delivery maintenance, refit, and repair across facilities in Lumut, Langkawi, and Kuala Lumpur.

Product overview

Lumut Naval Shipyard (LUNAS) is Malaysia's premier naval shipbuilding and ship repair company operating a comprehensive maritime ecosystem. The company offers two core service lines: (1) Naval Shipbuilding, centered on the Littoral Combat Ship (LCS) Programme delivering five littoral combat ships for the Royal Malaysian Navy, featuring advanced Combat Management System integration and proprietary Shore Integration Facility testing capabilities; and (2) Ship Repair & Refit Services, including the successful KD KASTURI modernization programme. Supporting these operations is the MyLUNAS internal digital platform comprising integrated modules for employee experience (MyDEX), leave management, quality inspection (QIR), procurement and e-tendering (I-MARS), workflow approvals (MARS), HSE reporting, and workforce analytics. The company also operates LUNAS Langkawi Shipyard for localized vessel construction and utility boat production (e.g., SEMUT 1). The portfolio spans complete vessel lifecycle management from design through construction, testing, and ongoing maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• Littoral Combat Ship (LCS) Programme Construction of five Littoral Combat Ships for the Royal Malaysian Navy, encompassing detailed warship design, Combat Management System (CMS) integration, and sea trials for each vessel in the programme.
• KD KASTURI Refit and Modernisation Programme Comprehensive refit and modernisation of the Kasturi-class corvette KD KASTURI, including propulsion overhaul, navigation radar replacement, and underwater systems servicing, delivered for the Royal Malaysian Navy.
• Ship Repair and Refit Services Ship repair, maintenance, and refit services for naval and commercial vessels at the LUNAS ShipRepair facility in Lumut, handling the complete vessel lifecycle for clients including the Royal Malaysian Navy and commercial maritime operators.
• SEMUT 1 Utility Boat A 13-metre locally built utility boat manufactured by LUNAS Langkawi Shipyard, deployed for personnel transfer, on-site coordination, and logistical movements supporting the LCS programme and commercial clients.
• Commercial Maritime Shipbuilding Services Shipbuilding services for commercial maritime clients, including offshore vessels, utility boats, and other maritime industry operators delivered through LUNAS Langkawi Shipyard and related facilities.

Quantifiable outcome

• Successfully delivered LCS detailed design phase on schedule (August 25, 2024), with handover to Naval Group and Royal Malaysian Navy on September 23, 2024
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and moderate.

• Naval Group (France)coreTechnology or Integration · 25 August 2024International defense contractor providing design authority for LCS detailed design. Design developed by LUNAS was approved by Naval Group France. Naval Group serves as the original designer and technology partner for the Littoral Combat Ship programme.
• Bureau VeritascoreTechnology or Integration · 25 August 2024International classification society providing design approval and certification. Locally developed LCS design was approved by Bureau Veritas, validating compliance with international maritime standards.
• Malaysian Anti-Corruption Commission (MACC)coreStrategic or Co-development PartnerLUNAS partnered with MACC to organize awareness session on Section 17A Corporate Liability under MACC Act 2009. Initiative reflects commitment to strengthening governance, integrity and compliance across the ecosystem including vendors and partners.
• Malaysian Oil, Gas & Energy Services Council (MOGSC)moderateStrategic or Co-development PartnerLUNAS Head of Corporate Strategy and Business Development serves as Assistant Honorary Secretary for 2026-2028 term. Partnership enables engagement with Malaysia's maritime and energy ecosystem, expanding beyond defense into oil & gas sector.
• Royal Malaysian Navy (TLDM)coreStrategic or Co-development PartnerPrimary customer and strategic partner. LUNAS constructs naval vessels and provides refit services for the Royal Malaysian Navy. The Navy serves as the end-user of LCS vessels and other naval programs.
• Association of Marine Industries of Malaysia (AMIM)moderateGTM or Marketing PartnerIndustry association for marine industries. LUNAS participates in industry activities and received endorsement from AMIM President for LCS programme delivery.
• Royal Malaysian Navy (RMN) LCS Project TeamcoreStrategic or Co-development PartnerJoint project team including Director of LCS Project, RMN LCS Project leadership, and RMN Engineering representatives. Collaboration enables combat systems integration and warship construction.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Naval Group: French global naval defense prime contractor and LCS design authority for LUNAS — broader incumbent that competes in the same surface combatant space and is also a current technology partner to LUNAS.
• ThyssenKrupp Marine Systems: German naval shipbuilder (frigates, corvettes, submarines) serving the German Navy and export markets — broad incumbent in combatant shipbuilding with comparable surface warship product lines.
• Navantia: Spanish state-owned naval shipbuilder constructing frigates, corvettes, and submarines for the Spanish Navy and export customers — comparable as a state-backed warship builder with both domestic and export focus.
• Huntington Ingalls Industries: Largest U.S. military shipbuilding company (Navy surface combatants, carriers, submarines) — broad incumbent in naval shipbuilding with comparable combat systems integration capability at much greater scale.
• Daewoo Shipbuilding & Marine Engineering: South Korean global shipbuilder with significant naval warship and submarine construction capability in addition to commercial vessels — broad incumbent operating at much greater scale in similar shipbuilding categories.

Direct peers

• PT PAL Indonesia: Indonesian state-owned shipyard building surface combatants, submarines, and commercial vessels for domestic and export markets — comparable as a Southeast Asian state-owned naval shipbuilder with indigenous warship design ambitions.
• Cochin Shipyard: Indian state-owned shipyard building naval platforms (aircraft carrier work, defense vessels) and commercial ships — directly comparable as a sovereign naval shipbuilder with both defense and commercial order books.
• Boustead Naval Shipyard: Malaysian naval and commercial shipyard (formerly Boustead Heavy Industries) that has historically built and refitted Royal Malaysian Navy vessels — directly comparable shipbuilding and MRO services for the same anchor customer base.
• Austal: Australian shipbuilder specializing in aluminum surface combatants and high-speed ferries for naval and commercial customers — directly comparable platform/mission profile in littoral combatant and fast vessel construction.
• Vard (Fincantieri): Norwegian/Italian-owned shipbuilder of offshore support vessels, naval auxiliaries, and specialized commercial ships — comparable in vessel construction and refit services for naval and offshore/oil & gas clients.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LUNAS_MY
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• LinkedInlinkedin.com/company/lumutnavalshipyard
• Instagraminstagram.com/lumutnavalshipyard
• TikToktiktok.com/@lumutnavalshipyard

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lumut Naval Shipyard