ST Engineering's aerospace arm secures $430 million worth of deals in second quarter
Published on Jul 11, 2013 5:14 PM
Singapore Technologies Engineering's aerospace arm, Singapore Technologies Aerospace, has signed new contracts worth about $430 million in the second quarter.
The contracts are for airframe, component and engine maintenance, as well as VIP interior modifications.
The total contract value includes the exclusive component maintenance-by-the-hour contract worth $32.3 million awarded by Spring Airlines Japan, as well as the five-year multi-crew pilot licence training contract from Qatar Airways.
In the VIP cabin reconfiguration business, ST Aerospace clinched three deals involving Boeing Business Jets; a cabin design contract in Eastern Europe, a 12-year maintenance check and interior refurbishment project on a Boeing 737 belonging to a Middle Eastern customer, as well as a maintenance and interior modification contract awarded by a US customer.