ST Engineering wins $590 mil of aerospace contracts in 3Q

SINGAPORE (Oct 15): ST Engineering’s aerospace business sector has secured new contracts totalling $590 million in value in 3Q18 for services ranging from airframe, engine and component maintenance, to engine wash.

A number of the contracts are multi-year agreements, including a four-year ATR 72 landing gear overhaul agreement from an Asian airline; a five-year contract extension to maintain the PW4000 thrust reversers and inlets of an European operator’s A300-600 fleet; and heavy maintenance agreements from American freight operators.

In a Monday filing, ST Engineering says its aerospace sector redelivered a total of 208 aircraft units for airframe heavy maintenance and modification work in 3Q.

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