ST Engineering bags $1.8b worth of contracts in Q3

About $1b of the deals were in the aerospace sector.

ST Engineering’s Aerospace and Electronics sectors have clinched $1.8b worth of new contracts for Q3 2019, the company announced.

The Aerospace sector secured contracts worth a total of $1b, ranging from nacelle component and floor panel manufacturing to aircraft airframe and helicopter maintenance, repair and operations (MRO) support services.

Amongst these is an agreement to work with Airbus Helicopters starting 2021 for the MRO of a part of the German Armed Forces’ NH90 fleet. It also had an agreement for airframe maintenance from an A380 operator and a seven-year agreement to provide component Maintenance-By-the-Hour support to an operator’s fleet of Boeing 737NGs.

Contracts with the Electronics sector accounted for $833m, including those for satellite communications, mobility, public safety and security, Internet of Things (IoT), training and simulation, cybersecurity and defence.

This includes the enhancement of communications for first response teams, and to ensure business continuity for healthcare and banking in rural US, as well as the deployment of smart water meters and smart street lighting in various global cities. It also secured smart mobility contracts for transport lines in China, Philippines, Saudi Arabia and Singapore.

Its public safety and security business was also appointed to supply a public safety agency in Asia with an emergency response management system, as well as a 3D Air Traffic Tower Simulator System for a Southeast Asian aviation provider.

Contracts were clinched for the delivery of cybersecurity products and solutions to Vietnam’s enterprises and critical information infrastructure, and Singapore’s aviation and homeland security customers. Other contracts include cybersecurity training for insurance and healthcare sectors. New defence contracts were also won for training and simulation, engineering and software services.

The sector also bagged a contract to develop an enterprise data analytics platform that delivers AI-embedded predictive insights for a utility company.