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ST Engineering's electronics arm wins S$650m contracts in Q2

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Singapore Technologies Engineering (ST Engineering) announced on Wednesday that its electronics arm, Singapore Technologies Electronics (ST Electronics), has secured about S$650 million worth of contracts in the second quarter (Q2) of 2016.

SINGAPORE Technologies Engineering (ST Engineering) announced on Wednesday that its electronics arm, Singapore Technologies Electronics (ST Electronics), has secured about S$650 million worth of contracts in the second quarter (Q2) of 2016.

These include contracts for Rail Electronics & Intelligent Transportation (worth about S$210 million), Satellite & Broadband Communications (S$80 million), as well as Advanced Electronics & Information Communications Technologies Solutions (S$360 million).

ST Engineering added that in May, the S$44.3 million ST Electronics-SUTD Cyber Security Laboratory was launched to advance "new frontiers" in cybersecurity technologies and build "next-generation" solutions and products.

In addition, a memorandum of understanding was signed during CommunicAsia 2016 with Motorola Solutions to co-create "innovative technologies" for advanced secured communications in public safety, national security and enterprise sectors.

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Lee Fook Sun, president of ST Electronics, noted that including Q2's contract wins of S$650 million, ST Electronics has secured a total of S$1.16 billion of new orders in the first half of 2016.

He said: "This is a result of good team effort across all segments, bolstered by several significant overseas orders including a S$152 million rail electronics project and a contract for a large public security project."

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