ST Aerospace clinched $310m worth of contracts in Q4

238 aircraft were redelivered in Q4.

ST Aerospace has secured new contracts worth $310m in the fourth quarter of 2014. These new orders involve projects ranging from airframe, component and engine maintenance, to VIP completions and engine wash.

Included in the 4Q2014 contracts is a five-year Maintenance-By-the-Hour (MBH™) contract signed with a returning airline customer in Asia, which operates a fleet of Boeing 737NG aircraft.

Under the agreement, ST Aerospace will provide MBH™ support services covering component repairs, consignment of spares, as well as access to its inventory pool of rotables worldwide.

Additionally, the aerospace sector’s VIP completions division secured heavy maintenance contracts for three Boeing 757 aircraft, for a Head of State and two VIP customers.

On engine total support, ST Aerospace’s Singapore-based engine facility has signed a two-year contract with a regional low cost airline for the engine MRO of its CFM56-7B engines. Additionally, multi-year contracts have been sealed with customers in Asia Pacific, Europe and the US for engine wash services.

In 4Q2014, the aerospace sector redelivered a total of 238 aircraft for airframe maintenance and modification work. In addition to airframe redeliveries, a total of 12,145 components, 50 landing gears and 43 engines were processed, while 1,927 engine washes were conducted for both commercial and military customers.