Singapore Technologies Engineering has reported that its Aerospace sector has received a number of contracts in the second quarter 2019, worth about US$809 million, from airframe to engine MRO services and support. These contracts include a multi-year agreement from a long-time customer to provide heavy maintenance services to their entire fleet of Boeing 717s, agreements from AirAsiaX Berhad and Beibu Gulf Airlines also for heavy maintenance, and a number of agreements for engine maintenance.
The sector gained further traction in its unmanned aerial solutions with a contract win for its latest smart drone system, DroNet, to be applied in security and surveillance missions as an end-to-end solution.
The Electronics sector received new orders globally worth $702m for smart mobility, satellite communications, Internet of Things (IoT), cybersecurity, public safety and security, and defence.
