ST Engineering Wins $1.1B in New Contracts in Q1
Singapore Technologies Engineering Ltd (ST Engineering) said that its Aerospace and Electronics sectors have received about $1.1 billion in new contracts in the First Quarter (Q1) of 2020.
The Aerospace sector secured about $590 million in contracts across its aviation manufacturing and Maintenance Repair and Overhaul (MRO) businesses, including A320 heavy maintenance contracts and CFM56-7B engine maintenance contracts from Chinese airlines, and a component Maintenance-By-the-Hour (MBHTM) contract from a Southeast Asian airline to provide comprehensive component maintenance services for its entire fleet of Boeing 737 and Bombardier Q400.
The Group’s Electronics sector secured about $514 million worth of contracts for products and solutions in smart mobility, cybersecurity, and data analytics as well as training and simulation. The sector’s smart mobility business expanded its footprint in India with contracts to provide Platform Screen Doors for two underground stations in the Chennai Metro, and a contract to deliver a Passenger Information System for 31 trains in Mumbai. The sector’s data analytics business received a contract from PUB, Singapore’s national water agency, to enhance and maintain its Intelligent Water Management System.