STE secures $520 million new contracts in Q2

SINGAPORE - Singapore Technologies Engineering (STE) said its aerospace arm has secured new contracts worth $520 million in the second quarter.

They span the aerospace sector repertoire of capabilities covering airframe, component and engine maintenance, freighter conversion, cabin modification, engine wash and pilot training.

They include a five-year agreement with a regional US airline for heavy maintenance of 42 Embraer E-170 and E-175 aircraft at the aerospace sector's San Antonio facility.

This came shortly after clinching a two-year agreement in the first quarter for heavy maintenance of 20 Embraer E-190 aircraft.

In the quarter ended June 30, ST Aerospace redelivered a total of 229 aircraft for airframe maintenance and modification work.

In addition to airframe redeliveries, a total of 11,191 components, 56 landing gears and 49 engines were processed, while 2,505 engine washes were conducted for both commercial and military customers.

The second quarter's aircraft redeliveries included four additional Boeing 767-300 aircraft to Air Canada rouge, after a full cabin reconfiguration programme.