Wednesday, May 27, 2015Wednesday, May 27, 2015

STE secures $520 million new contracts in Q2

Published on Jul 14, 2014 6:59 PM

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.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!