ST Engineering bags S$1.5b in new aerospace, electronics contracts.
SINGAPORE Technologies Engineering's aerospace and electronics sectors have secured new contracts worth about S$1.5 billion in total for the second quarter of 2019, the integrated engineering group said on Thursday.
The aerospace contracts amount to about S$809 million, ranging from airframe to engine maintenance, repair and operations services and support. They include a multi-year agreement from a long-time customer to provide heavy maintenance services for their entire fleet of Boeing 717s, agreements from AirAsiaX Berhad and Beibu Gulf Airlines for heavy maintenance, and a number of engine maintenance agreements.
In the US, the sector's training and simulation business received a US$95 million contract from the US Army to develop and deliver a unified simulation platform for the Army's synthetic training environment.
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