The aerospace business declined 12% to $549 million over the quarter as its aircraft maintenance & modification, as well as component/engine repair and overhaul business groups recorded lower revenue.
SINGAPORE (May 12): ST Engineering announced 1Q17 earnings of $103.4 mil, 6% lower from $110.2 million reported in the previous year on lower revenue.
Group revenue for the quarter was $1.5 billion, 5% down from $1.6 billion a year ago due to revenue declines across its aerospace, land systems and marine sectors.
