ST Engineering secures contracts worth $2.1B

Singapore Technologies Engineering Ltd (ST Engineering) announcedthat its Aerospace and Electronics sectors have secured new contracts with acombined value of about $2.1-billion for the first quarter (1Q) of 2019.

The company’s Aerospace sector received contracts amountingto about $1.3-billion. These include the 10-year service agreement from along-time customer, a major North America operator to provide heavy maintenancechecks for its entire fleet of A300 and Boeing 757. This agreement covers over160 widebody and narrowbody aircraft to be serviced at the sector’s U.S.facilities in San Antonio, Texas, and Pensacola, Florida, U.S. starting in2020.

The sector also secured contracts from new airline customersin Africa and Europe to provide component repair services to support theirBombardier Q400. Other contracts cover engine wash and equipment leasingsolutions to customers in the Middle East and Europe. The sector conducted atotal of 2,562 engine washes in 1Q2019.

The Electronics sector received contracts worth $818-millionfor mobility, satellite communications, Internet of Things (IoT),cybersecurity, public safety and security, and defence. Global contracts securedin smart rail mobility include the supply of an Automatic Fare CollectionSystem for Bangkok MRT Gold Line, maintenance and enhancement works for BangkokMRT Purple Line, an Integrated Supervisory Control System for Wuxi Metro Line3, and a Passenger Information System for Taiwan Railway Authority’s trains.New rail mobility projects in Singapore include a mobile communications networkfor passengers of Downtown Line 3 Extension. New defence projects includeengineering support services for communications and sensor equipment.

In addition to these contracts, the company has won othercontracts not disclosed in this announcement due to customer confidentiality.