ST Engineering’s Aerospace arm secures US$920m worth of new contracts in 2Q2015

Singapore Technologies Engineering (ST Engineering) reported that its aerospace arm has secured new contracts worth US$920m in the second quarter (2Q) of 2015. These new orders involve projects ranging from airframe, component and engine maintenance, to engine wash and pilot training. The total contract value includes the recently announced component Maintenance-By-the-Hour contract worth over US$100m (approximately S$134.8m) awarded by Flybe, and the engine maintenance contract worth around US$350m (approximately S$472m) from Jet Airways. Included in the 2Q2015 contracts is a heavy maintenance agreement for six Airbus A319 aircraft belonging to an international airline. For component support, ST Aerospace secured several Boeing 737NG landing gear overhaul and exchange contracts for airline operators in Asia and Oceania. In terms of engine support, an agreement was inked for the heavy maintenance of six CFM56-7B engines for a low-cost carrier in Southeast Asia. Multiple contracts have also been sealed with customers in Asia Pacific, Europe and the US for EcoPower engine wash services. On pilot training, a three-year contract has been signed with Tigerair Singapore for the provision of simulator training services. In 2Q2015, the aerospace sector redelivered a total of 310 aircraft for airframe maintenance and modification work. In addition to airframe redeliveries, a total of 10,850 components, 34 landing gears and 50 engines were processed, while 1,008 engine washes were conducted for both commercial and military customers.