ST Engineering lands contracts valued at S$1.8 billion in 3Q19

ST Engineering display at CommunicAsia conference in Singapore in 2019.ST Engineering display at CommunicAsia conference in Singapore in 2019.

ST Engineering said Monday its aerospace and electronics sectors secured contracts valued at a combined S$1.8 billion in the third quarter.

The aerospace sector landed contracts valued at S$1.0 billion across its aviation manufacturing and services businesses, ST Engineering said in a filing to SGX.

That included contracts for nacelle component and floor panel manufacturing, aircraft airframe and helicopter MRO support services, the filing said.

The contracts also included a 10-year agreement with Airbus Helicopters, starting early 2021, to support scheduled maintenance, inspection and on-demand repairs for a substantial portion of the German Armed Forces NH90 fleet, ST Engineering said.

ST Engineering said it also landed a five-year extension agreement for airframe maintenance from an A380 operator, and a seven-year deal to provide component maintenance-by-the-hour support for an operator’s fleet of Boeing 737NGs.

In the electronics sector, ST Engineering said in landed new orders valued at S$833 million for satellite communications, mobility, public safety and security, internet of things, training and simulation, cybersecurity and defense.

In satellite communications, ST Engineering said the key contracts included enhancing communications for first-response teams and ensuring business continuity for healthcare and banking in the rural U.S.

Smart mobility contracts included passenger information systems for China’s Wuhan Metro Line 5, Nanjing Line 7 and Nanchang Line 3, as well as a communications system of the Philippines’ Manila Light Rail Transit System Line 2 Extension, platform screen doors for Saudi Arabia’s Riyadh Metro Line 4 and automatic fare collection systems in Singapore, ST Engineering said.

The company added that it had other contract wins which haven’t been disclosed due to customer confidentiality.

See more information on the contracts.

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