ST Engineering secures contracts worth $2.1B
Singapore Technologies Engineering Ltd (ST Engineering) announced that its Aerospace and Electronics sectors have secured new contracts with a combined value of about $2.1-billion for the first quarter (1Q) of 2019.
The company’s Aerospace sector received contracts amounting to about $1.3-billion. These include the 10-year service agreement from a long-time customer, a major North America operator to provide heavy maintenance checks for its entire fleet of A300 and Boeing 757. This agreement covers over 160 widebody and narrowbody aircraft to be serviced at the sector’s U.S. facilities in San Antonio, Texas, and Pensacola, Florida, U.S. starting in 2020.
The sector also secured contracts from new airline customers in Africa and Europe to provide component repair services to support their Bombardier Q400. Other contracts cover engine wash and equipment leasing solutions to customers in the Middle East and Europe. The sector conducted a total of 2,562 engine washes in 1Q2019.
The Electronics sector received contracts worth $818-million for mobility, satellite communications, Internet of Things (IoT), cybersecurity, public safety and security, and defence. Global contracts secured in smart rail mobility include the supply of an Automatic Fare Collection System for Bangkok MRT Gold Line, maintenance and enhancement works for Bangkok MRT Purple Line, an Integrated Supervisory Control System for Wuxi Metro Line 3, and a Passenger Information System for Taiwan Railway Authority’s trains. New rail mobility projects in Singapore include a mobile communications network for passengers of Downtown Line 3 Extension. New defence projects include engineering support services for communications and sensor equipment.
In addition to these contracts, the company has won other contracts not disclosed in this announcement due to customer confidentiality.