ST Electronics Engineering bagged $580m contracts in Q2

Traffic management and ICT solutions are in the spotlight.

Singapore Technologies Engineering Ltd yesterday revealed that its electronics arm, ST Electronics has secured about $580m worth of contracts in 2Q14.

The deals are mostly for rail electronics and intelligent transportation, satellite and broadband communications, as well as advanced electronics and Information Communications Technologies (ICT) solutions.

“ST Electronics secured about $272m worth of contracts in 2Q2014 for rail electronics and traffic management projects both locally and overseas. In the area of advanced electronics and ICT solutions, the company secured contracts totalling about $211m in 2Q2014. ST Electronics delivered on contracts worth $93m in 2Q2014 for its satcom networks and, Very Small Aperture Terminals,” the company stated.

Here’s more from ST Engineering:

In the area of intelligent transportation, ST Electronics secured about $272m worth of contracts in 2Q2014 for rail electronics and traffic management projects both locally and overseas. Work on all these projects have started and will be completed progressively over the next 5 to 9 years.

These projects include traffic management maintenance and services for roads; and rail electronics systems such as communications and control, commercial radio, access and maintenance management.

ST Electronics delivered on contracts worth $93m in 2Q2014 for its satcom networks and, Very Small Aperture Terminals. In line with the effort to continually renew our product lines, ST Electronics showcased its iDirect Evolution routers and network solutions, and launched new compact and light-weight products which included the “Lite” Series radio frequency transceivers and the Agilis Parabolic VSAT Manpack Terminal at the CommunicAsia 2014.

In the area of advanced electronics and ICT solutions, the company secured contracts totalling about $211m in 2Q2014.

These contracts were for various projects including facility management, operations and support services, and others for both public and private sector customers. Work on all these have started and will be completed progressively over the next 5 to 10 years.