ST Aerospace secured $530m contracts in Q3

It clinched deals for MRO and cabin retrofit.

Singapore Technologies Aerospace Ltd (ST Aerospace) secured $530m worth of contracts in Q3.

According to a press release, the heavy airframe maintenance contracts include long-term agreements to support a range of aircraft platforms from MD-11, Boeing 777 and Boeing 757 to A300 for freight operators.

Part of the maintenance, repair, and overhaul (MRO) contracts that ST Aerospace clinched include agreements to service CFM56-7B engines for European and Asia airlines, as well as agreements to overhaul the landing gears of commercial and military aircraft.

ST Aerospace also won contracts to reconfigure the cabin interior of their two aircraft.

Other non-MRO related contracts won during the quarter include a three-year agreement to further support existing customer Xiamen Airlines' pilot training needs, and a three-year agreement from a new customer, Air China, to train up to 100 cadet pilots per year for the airline.

The aerospace sector redelivered a total of 1,134 aircraft for airframe maintenance and modification work in 3Q2017. A total of 11,509 components, 65 landing gears and 34 engines were processed, whilst 2,565 engine washes were conducted.