ST Engineering’s Aerospace arm secures contracts worth S$840m in 4Q2016

Singapore Technologies Aerospace (ST Aerospace), secured new contracts worth about S$840m in the fourth quarter (4Q) of 2016 for services ranging from line and airframe maintenance to component repair and overhaul. The total contract value includes an agreement with Alaska Airlines to exclusively provide maintenance, repair and overhaul (MRO) maintenance support for the airline’s CFM56-7B engines that power its fleet of Boeing 737-700 and 737-900 aircrafts. The five-year agreement is expected to cover more than 60 planned maintenance events and commences immediately. Included in the 4Q2016 contracts are line and heavy airframe maintenance for commercial airlines and military operators. Other contract wins include several landing gear overhaul agreements from various airlines, a long-term landing gear repair contract from an established national carrier and multiple contracts for EcoPower engine wash services including a one-year extension contract worth S$2.6m (approximately S$3.7m) for a commercial airline, the largest commercial contract that ST Aerospace has clinched for its engine wash business. Redeliveries and capabilities development The aerospace sector redelivered a total of 880 aircraft for airframe maintenance and modification work in 4Q2016. Additionally, a total of 10,639 components, 42 landing gears and 33 engines were processed, while 2,388 engine washes were conducted.