ST Engineering's electronic arm secures $207 million worth of deals in second quarter

Singapore Technologies Engineering said its electronics arm, Singapore Technologies Electronics, has secured about $206.8 million worth of contracts for rail electronics, satellite communications (satcoms) and communications projects in the second quarter.

ST Electronics has been awarded a number of rail electronics contracts worth some $24.8 million.

Works on the projects have started and are expected to be completed by end 2016.

These include three contracts worth about $18 million awarded by the Land Transport Authority.

On the satcom and communications front, ST Electronics secured contracts worth about $182m for the supply of satcoms solutions and communications systems projects to local and international customers.

These included network infrastructure, block up converters and amplifiers, as well as satellite hubs and remote terminals to government, enterprises, oil and gas and maritime users.