ST Engg sets up 19-acre aircraft hangar complex

It will be able to accommodate two wide-body aircraft.

ST Engg is constantly adding to its global MRO network despite already being the world’s largest commercial airframe MRO provider with operations in the Americas, Asia Pacific and Europe.

VT Mobile Aerospace Engineering, a ST Engg company and the City of Pensacola have signed an agreement to set up an aircraft maintenance, repair and overhaul (MRO) facility at the Pensacola International Airport in Pensacola, Florida. This follows the signing of the Memorandum of Understanding in December 2013.

Under the agreement, the City of Pensacola will construct an aircraft hangar complex on 18.66 acres of greenfield land, and lease it to VT MAE for 30 years. The hangar will be able to accommodate two wide-body aircraft, and is expected to be ready for operations in mid 2016.

Located in the Brookley Aeroplex in Mobile, Alabama, VT MAE is one of the city’s largest private employers and a premier aerospace company specialising in aircraft maintenance and modifications. It is a subsidiary of Vision Technologies Aerospace Incorporated (VT Aerospace), and marketed as part of ST Aerospace’s MRO network.

VT Aerospace which owns six aerospace operating companies in five locations namely, Burlington, Washington; Mobile, Alabama; New Braunfels, Texas; San Antonio, Texas; and Wethersfield, Connecticut, is a subsidiary of Vision Technologies Systems, Inc. (VT Systems), the US headquarters of ST Engineering.

The agreement is 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.