ST Engineering Wins Contracts Worth $331 Million in Q1 2017
Singapore Technologies Engineering announced today that its electronics arm, Singapore Technologies Electronics (ST Electronics), secured SG$464 million ($331 million) worth of contracts in the first quarter of 2017 for rail electronics and intelligent transportation, satellite and broadband communications, as well as advanced electronics and Information Communications Technologies (ICT) solutions.
Local and overseas customers secured rail electronics and intelligent transportation contracts of about SG$67 million ($47.9 million). These include the supply of the passenger information system to CRRC Qingdao Sifang for 400 of Chicago’s 7000 Series rail cars; delivery of the passenger information display system for a train retrofit, as well as enhancement and system integration services for Taipei Rapid Transit Corporation.
ST Electronics received contracts amounting to SG$79 million ($56.5 million) from government, telecom and enterprise users worldwide for the supply of broadband network, satellite network equipment and earth stations. The company will complete these projects progressively over the next three years.
On the space front, ST Electronics announced the development of TeLEOS 2 in the past quarter, the next-generation Earth Observation (EO) satellite in partnership with Defence Science & Technology Agency to support the satellite imagery needs of Singapore government agencies. In addition, ST Electronics inked a partnership with Collecte Localisation Satellites, a subsidiary of the French Space Agency (CNES) to expand value-added services for maritime security by leveraging ST Electronics’ commercial satellite imagery capabilities provided by TeLEOS 1.
ST Electronics also locked in SG$318 million ($227.5 million) worth of advanced electronics and ICT contracts, including for its integrated security management system, System, the enhancement of communications and network systems, delivery of advanced meter readers, and customized training solutions.