ST Engg's aerospace arm bags S$840m of orders in Q4

Singapore

SINGAPORE Technologies Engineering's aerospace arm secured new contracts worth around S$840 million in the fourth quarter of 2016.

Announcing this on Monday, ST Engineering said that the new contracts for ST Aerospace range from line and airframe maintenance to component repair and overhaul.

ST Aerospace signed an agreement with Alaska Airlines to exclusively provide maintenance, repair and overhaul (MRO) support for the airline's CFM56-7B engines that power its fleet of Boeing 737-700 and 737-900 aircraft. The five-year agreement is expected to cover more than 60 planned maintenance commitments.…