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ST Electronics wins $580m in contracts during Q2

Published on Jul 16, 2014 5:11 PM

SINGAPORE - The electronics arm of Singapore Technologies Engineering (ST Engineering) won about $580 million worth of contracts in the second quarter of this year, the company said on Wednesday.

The contracts clinched by ST Electronics relate to rail electronics and intelligent transportation, satellite and broadband communications, and advanced electronics and information Communications Technologies (ICT) solutions.

Intelligent transportation accounted for about $272 million in contracts, including rail electronics and traffic management projects both locally and overseas.

Work on these projects has started and will be completed over the next five to nine years.

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