ST Aerospace secures new contracts worth about S$530m in third quarter 2017

Singapore Technologies Aerospace (ST Aerospace) secured new contracts worth about S$530m in the third quarter (3Q) of 2017 for services ranging from heavy airframe and engine maintenance, component repair and overhaul to cabin retrofit. The heavy airframe maintenance contracts include long-term agreements to support a range of aircraft platforms from MD-11, Boeing 777 and Boeing 757 to A300 for freight operators. Other MRO contracts clinched in 3Q2017 include agreements to service CFM56-7B engines for European and Asia airlines, as well as agreements to overhaul the landing gears of commercial and military aircraft.
ST Aerospace further grew its cabin retrofit business and secured a launch customer for its aircraft seats when it won a contract from an aircraft leasing company to refresh and reconfigure the cabin interior of two A320 aircraft. ST Aerospace will be installing its in-house designed seat, which is tailored specifically for narrow-body aircraft and medium-haul flights, when refreshing the cabin interior of the two aircraft. The aerospace sector redelivered a total of 1,134 aircraft for airframe maintenance and modification work in 3Q2017. Additionally, a total of 11,509 components, 65 landing gears and 34 engines were processed, while 2,565 engine washes were conducted.
The sector continued to expand its capabilities when its airframe MRO station in Guangzhou, China, received approval by the Civil Aviation Authority of Malaysia to provide maintenance service for Boeing 767, while its VIP completion and refurbishment business, AERIA Luxury Interiors, registered successfully for an independent repair certification with the Federal Aviation Administration, allowing the company to streamline its completion process, and expedite its maintenance, refurbishment and completion contracts in the most efficient way possible.