The new contracts worth S$410 million are for projects ranging from airframe and component management, to engine wash and pilot training.
SINGAPORE: Singapore Technologies Engineering’s (ST Engineering) aerospace arm ST Aerospace has clinched S$410 million worth of new contracts in the third quarter of this year, the company announced in a press release on Monday (Oct 12).
Among the new contracts are heavy airframe maintenance agreements for various aircraft belonging to a US airline, as well as cabin interior modification for another US carrier’s fleet of Airbus A319.
ST Aerospace also secured its first landing gear input from a a Chinese airline, together with several Boeing 737NG landing gear overhaul and exchange contracts for several airline operators in East Asia and Oceania, among others,
The company’s pilot training academy has also signed a two-year training agreement with an Asian airline for simulator training for its pilots.
“The above developments are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year,” said the company.
ST Aerospace, which is the aerospace arm of ST Engineering, is the world’s largest commercial airframe maintenance, repair and operations provider, it said.
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