ST Engineering's aerospace arm clinches S$530m in new contracts in Q3

SINGAPORE Technologies Aerospace, the aerospace arm of Singapore Technologies Engineering (ST Engineering), has secured new contracts worth about S$530 million in the third quarter of 2017.

These contracts are for services ranging from heavy airframe and engine maintenance, component repair and overhaul to cabin retrofit, ST Engineering said on Monday.

The heavy airframe maintenance contracts include long-term agreements to support a range of aircraft platforms from MD-11, Boeing 777 and Boeing 757 to A300 for freight operators.

Other MRO (maintenance, repair and overhaul) contracts clinched in Q3 include agreements to service CFM56-7B engines for European and Asian airlines, as well as agreements to overhaul the landing gears of commercial and military aircraft, ST Engineering said.