ST Engg's electronics unit clinches $593m of contracts in Q4

SINGAPORE Technologies Engineering's electronics arm, ST Electronics, secured about $593 million worth of contracts in the fourth quarter of last year.

Of this, $353 million comes under advanced electronics and information communications technologies (ICT) solutions. The awards relate to integrated security management systems, systems integration, operational and maintenance support and services, network infrastructure solutions, integrated communications, smart utilities solutions and cyber security solutions for government as well as private enterprises.

Intelligent transportation systems account for another $124 million, with deals comprising road-traffic and rail-electronics solutions including support, enhancement and enforcement systems.