ST Engineering secures aerospace contracts worth S$1.3 billion for 1Q2019

Singapore Technologies Engineering (ST Engineering) announced that its Aerospace sector has secured new contracts worth about S$1.3 billion for the first quarter (1Q) of 2019. These include the 10-year service agreement from a long-time customer, a major North American operator, to provide heavy maintenance checks for its entire fleet of A300s and Boeing 757s.

This agreement, as announced on February 25, 2019, covers over 160 widebody and narrowbody aircraft to be serviced at the sector’s U.S. facilities in San Antonio and Pensacola starting in 2020. The aerospace sector also secured contracts from new airline customers in Africa and Europe to provide component repair services to support their Bombardier Q400. Other contracts cover engine wash and equipment leasing solutions to customers in the Middle East and Europe. The sector conducted a total of 2,562 engine washes in 1Q2019.

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