ST Engineering’s aerospace arm secures US$415m worth of new contracts in 4Q2015

ST Engineering’s aerospace arm secured new contracts worth US$415m in the fourth quarter of 2015, for projects ranging from airframe maintenance and cabin interiors reconfiguration, to engine wash and landing gear overhaul. The total contract value includes the recently announced cabin reconfiguration contract awarded by Air Canada, the landing gear maintenance contract from Scandinavian Airlines and the heavy maintenance contract for Virgin Galactic’s 747-400. Included in the 4Q2015 contracts are line and heavy airframe maintenance agreements for various customers, supporting aircraft types such as Airbus 300, A320, Boeing 747-400, 757, 767, 777 and MD-10, as well as cabin interior modifications of an international airline’s fleet of E175. Separately, its Hondo-based facility was awarded a 737-300 aircraft part-out contract. For component support, in addition to the landing gear maintenance contract from the Scandinavian Airlines fleet of Boeing 737-600/700/800 and Bombardier CRJ900 aircraft, ST Aerospace secured several ATR landing gear overhaul contracts from customers in the Asia Pacific region. The aerospace arm also won additional contracts for landing gear services with ASEAN airline operators, and expanded its engine component support for East Asian customers. Multiple contracts have also been sealed with customers in Asia Pacific, Europe and the US for EcoPower engine wash services. In particular, following a long-term Do-It-Yourself franchise agreement recently signed with Japan Airlines Engineering Company, a second unit of the EcoPower wash equipment is now deployed at Haneda Airport, in addition to one earlier deployed at Narita Airport, to carry out engine washes for aircraft operators in Tokyo, Japan. The aerospace sector redelivered a total of 308 aircraft for airframe maintenance and modification work in 4Q2015. This included the redelivery of two converted freighters to SF Airlines.