ST Aerospace lands S$298m worth of new contracts in Q1

Singapore

ST AEROSPACE has landed new contracts worth S$298 million in the first quarter of the year, for projects such as aircraft maintenance, cabin interior modification and pilot training.

Contracts include a five-year maintenance-by-the-hour (MBH) agreement signed with an existing Asia-based airline customer. ST Aerospace - the aerospace arm of ST Engineering - will provide MBH support services for nine Boeing 737NGs, covering component repairs, consignment of spares, as well as access to its inventory pool of rotables.