From humble beginnings to a modern maritime leader, Lumut Naval Shipyard Sdn Bhd (LUNAS) has made significant footprint in the industry. Established in 1984 as the Royal Malaysian Navy Dockyard, LUNAS transitioned to a corporatized entity in 1991 and ultimately became a private company, PSC Naval Dockyard Sdn Bhd, in 1995. LUNAS underwent a series of strategic acquisitions that propelled its growth. In the early 2000s, Boustead Holdings, a prominent Malaysian conglomerate owned by the Armed Forces Provident Fund, acquired the shipyard. This led to a name change to Boustead Naval Shipyard Sdn Bhd in August 2005. As of January 2024, a shift in the company's governance structure necessitated a renewed direction and strategy when the company became a company under the ownership of Ocean Sunshine Berhad, a wholly-owned entity under the Ministry of Finance (MOF Inc). Consequently, the shipyard embarked on a rebranding initiative, adopting its current name, Lumut Naval Shipyard Sdn Bhd (LUNAS).

Today, LUNAS flourishes as a fully modernized shipyard spanning 46 hectares. Recognized for its technological capabilities, LUNAS has secured numerous contracts, solidifying its position as a one-stop center catering to the defense and maritime needs of the region.