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ST Engineering bags orders worth $1.5 bil in 4Q19, full-year orders total $8 bil

Uma Devi
Uma Devi • 2 min read
ST Engineering bags orders worth $1.5 bil in 4Q19, full-year orders total $8 bil
ST Engineering says that about $1.1 billion worth of these contracts were secured by its aerospace sector, while $449 million was secured by its electronics sector.
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SINGAPORE (Jan 30): ST Engineering has secured contracts worth some $1.5 billion in 4Q19, bringing its total announced contract value for FY19 to $8 billion.

In a regulatory filing on Thursday, the group reported that about $1.1 billion worth of these contracts were secured by its aerospace sector, bringing its total contract wins for the year to $4.2 billion, doubling from the previous year.

These contracts included ST Engineering’s spectrum of aviation manufacturing and MRO service businesses including nacelle components, floor panel manufacturing, as well as airframe and engine maintenance services.

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