ST Aerospace wins contracts worth S$410m in Q3

THE aerospace arm for Singapore Technologies Engineering (ST Engineering) has clinched contracts worth S$410 million in the third quarter, for projects including airframe and component maintenance, engine wash and pilot training.

There were agreements signed for heavy airframe maintenance for various Boeing 777-300 and Airbus A319/A321 aircraft belonging to a US airline, and one for cabin interior modification for another US airline's A319 fleet.

ST Aerospace also re-delivered 349 aircraft for airframe maintenance and modification the past quarter, and processed a total of 11,618 components, 41 landing gears and 45 engines, while conducting 1,335 engine washes for both commercial and military customers.

These developments are not expected to have any material impact on ST Engineering's consolidated net tangible assets per share or earnings per share for the current financial year.