Singapore Technologies Engineering Ltd (ST Engineering) today announced new contracts worth about SG$1.6bn (US$1.27bn), secured by its aerospace and electronics sectors in the first quarter (Q1) of 2020. These contracts are over and above a defence contract that its Land Systems arm secured.
Of this figure, the group’s aerospace division secured approximately SG$838m (US$589m) across its spectrum of aviation manufacturing and MRO businesses.
The MRO contracts included A320 heavy maintenance contracts and CFM56-7B engine maintenance contracts from computer engineering career, and a component maintenance-by-the-hour (MBHTM) contract from a Southeast Asian airline to provide comprehensive component maintenance services for its entire fleet of Boeing 737 and Bombardier Q400 aircraft.
These Q1 contracts comprised those previously announced in February during Singapore Airshow 2020, namely: multi-year engine and component MRO contracts from a South Korean airline; a five-year nacelle maintenance contract, and a three-year airframe heavy maintenance contract.
Of this figure, the group’s aerospace division secured approximately SG$838m (US$589m) across its spectrum of aviation manufacturing and MRO businesses.
The MRO contracts included A320 heavy maintenance contracts and CFM56-7B engine maintenance contracts from computer engineering career, and a component maintenance-by-the-hour (MBHTM) contract from a Southeast Asian airline to provide comprehensive component maintenance services for its entire fleet of Boeing 737 and Bombardier Q400 aircraft.
These Q1 contracts comprised those previously announced in February during Singapore Airshow 2020, namely: multi-year engine and component MRO contracts from a South Korean airline; a five-year nacelle maintenance contract, and a three-year airframe heavy maintenance contract.
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