ST Engg's aerospace arm bags Q2 deals worth $520m

ST AEROSPACE, the aerospace arm of Singapore Technologies Engineering (ST Engineering), won new contracts worth $520 million in the second quarter of this year.

These contracts include a five-year agreement with a regional US airline for the heavy maintenance of 42 Embraer E-170 and E-175 aircraft at the aerospace sector's San Antonio facility, the group said yesterday.

The deal came shortly after ST Aerospace won a two-year agreement in Q1 2014 for the heavy maintenance of 20 Embraer E-190 aircraft.