ST Engineering's aerospace arm hits S$590m total new deals

ST Aerospace's contracts are for airframe and maintenance support, among others.

In a release, Singapore Technologies Engineering Ltd (ST Engineering) announced that its aerospace arm Singapore Technologies Aerospace Ltd (ST Aerospace) has secured new contracts worth about S$590m in the third quarter of 2012.

This total contract value is in addition to the component repair management Maintenance-By-the-Hour (MBHTM) contract worth about US$80m (approximately S$102m) awarded by AirAsia in July this year.

The contracts are for airframe, component and engine maintenance and engineering design support, which will be carried out through its global network.

During the quarter, ST Aerospace redelivered its first VIP Boeing Business Jet, a contract secured for B level check and interior modifications. Additionally, it completed airframe maintenance and modification work for 156 aircraft.

For passenger-to-freighter conversions, it redelivered three converted Boeing 757-200 freighters to FedEx Express. Besides airframe redeliveries, ST Aerospace processed 11,861 components, 67 landing gears and 68 engines for both commercial and military customers.

On capability development, ST Aerospace incorporated a new global asset services company ST Aerospace Rotables Pte. Ltd., to drive the sector’s foray into a new growth area that focuses on leasing and trading of rotable assets as well as the loan and exchange of rotables. A complementary extension to its Component Total Support business, the new company will support its global MBHTM programmes.