ST Electronics bags Q2 deals worth $580m

ST ELECTRONICS, ST Engineering's electronics arm, has won contracts worth about $580 million in the second quarter of this year.

About $272 million in contracts were for rail electronics and traffic management projects, work on which has started and will be completed progressively over the next five to nine years, said ST Engineering yesterday.

Another $211 million in deals were clinched in the area of advanced electronics and ICT solutions, for projects including facility management, operations and support services. Work on these has also begun and will be completed over the next five to 10 years.