ST Engineering bags new contracts worth $590m in Q3

It secured a 4-year ATR 72 landing gear overhaul deal from an Asian airline.

ST Engineering’s Aerospace sector clinched new contracts worth about $590m in Q3 for services relating to airframe, engine and component maintenance to engine wash, an announcement revealed.

Amongst the deals is a 4-year ATR 72 landing gear overhaul agreement from an Asian airline, a 5-year contract extension to maintain the PW4000 thrust reversers and inlets of a European operator’s A300-600 fleet and heavy maintenance agreements from American freight operators.

According to the firm, the Aerospace sector redelivered a total of 208 aircraft for airframe heavy maintenance and modification work in Q3. Meanwhile, a total of 11,992 components, 35 landing gears and 45 engines were processed, whilst 2,644 engine washes were rolled out.

They also revealed that it set up MRO capabilities for A320’s V2500 and CFM56-5B nacelles.

“It is currently developing aftermarket capabilities in new-generation flight control and nacelles systems used in aircraft platforms such as Boeing 737MAX and Boeing 777,” they added.

In China, the sector expanded its airframe maintenance portfolio when its Guangzhou facility obtained approval from the Civil Aviation Administration of China (CAAC) to carry out base maintenance for the Boeing 767 platform.