ST Aerospace lands $780m of new orders

ST Aerospace, an arm of ST Engineering, landed new orders totalling $780 million in the fourth quarter of 2013.

This includes its first contract for the conversion of five Boeing 757-200SF for cargo use as well as a six-year contract with an existing Asian customer for the depot maintenance of its fleet of aircraft.

Separately, it received a cabin interior modification contract for 20 Boeing 767-300 aircraft, with the first plane inducted early this month and re-delivery slated for end-Q1 2014. Meanwhile, under VIP cabin reconfiguration, a US affiliate won its first green aircraft completion contract from a Europe-based Boeing business jet customer.