ST Aerospace has sealed over S$260 million worth of new maintenance contracts in the second quarter of 2011. Ranging from three to 12 months, these contracts for the Aircraft Maintenance & Modification, Component Total Support and Engine Total Support businesses will be carried out at its facilities in the Americas, Asia Pacific and Europe.The value of the contracts excludes the recent announcement of the 20-year logistics support contract for the 12 M346 aircraft, of which the first year’s contract value is estimated at about S$50 million.
The new airframe contracts secured for the Aircraft Maintenance & Modification business group cover line maintenance, base maintenance, heavy maintenance, passenger-to-freighter (PTF) conversion and interior refurbishment on various commercial and military aircraft platforms.
The new component contracts signed for the Component Total Support business group include Maintenance-By-the-Hour (MBH), avionics and mechanical component maintenance, aerostructures and landing gear repair and overhaul.
The new engine maintenance contracts clinched for the Engine Total Support business group include on-wing maintenance, off-wing maintenance, technical management and asset management on various engines types. These contracts will be carried out at ST Aerospace’s Singapore facility on a time-and-material basis.
