ST Engineering aerospace arm wins S$770 million worth of contracts in Q2

SINGAPORE - Singapore Technologies Engineering (ST Engineering) said on Tuesday (July 12) its aerospace arm has won new contracts worth S$770 million in the second quarter of 2016.

The new projects range from airframe maintenance and cabin interiors, to engine wash, and component repair and overhaul.

Multiple contracts have been confirmed with customers in Asia Pacific, Europe and the United States.

ST Aerospace is also the first company to receive the Production Organisation Approval from the Civil Aviation Authority of Singapore.

The developments 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.