ST Engineering's electronics arm bags $383 million in contracts in Q1

SINGAPORE - Mainboard-listed Singapore Technologies Engineering said its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has secured about $382.5 million worth of contracts in the first quarter of this year.

The awards were for rail electronics & intelligent transportation, satellite & broadband communications, as well as advanced electronics & information communications technologies (ICT) solutions.

The contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.