Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Singapore : ST Marine secures S$880million contract from Royal Navy of Oman
Publish Date : 10-Apr-2012
ST Engineering on Monday said its marine arm, ST Marine, has secured a 534.8 million euro (S$880 million) contract to design and build four patrol vessels (PVs) and the provision of associated logistic support for the Royal Navy of Oman.
Awarded by the Ministry of Defence of the Sultanate of Oman, ST Marine will build four 75-metre PVs based on its proprietary Fearless Class of PVs.
The project will commence immediately with the first vessel expected to be delivered in second quarter of 2015 and the final vessel in the third quarter of 2016.
The contract is 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.
