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Singapore : ST Aero wins $450m in contracts in Q4
Publish Date : 11-Jan-2013
Singapore Technologies Engineering on Thursday announced that its aerospace arm, ST Aerospace, clinched new contracts worth about S$450 million in the fourth quarter of last year.
The contracts are for airframe, component and engine maintenance, as well as for engineering and development, which will be carried out through its global network.
During the quarter, ST Aero redelivered 165 aircraft for airframe maintenance and modification work.
It also added a narrow-body aircraft hangar at its Changi facility for its airframe maintenance, repair and overhaul business. The new hangar is expected to begin operations by the end of the third quarter this year.
