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ST Aerospace secures S$520m of new contracts in Q2

The contracts include a five-year agreement with a regional US airline for heavy maintenance of 42 Embraer E-170 and E-175 aircraft.

SINGAPORE: ST Aerospace has secured new contracts worth S$520 million in the second quarter this year. These new contracts cover aerospace-related jobs such as airframe, component and engine maintenance, cabin modification and pilot training.

ST Aerospace is the aerospace unit of Singapore Technologies Engineering (ST Engineering).

In a statement on Monday (July 14), ST Engineering says the contracts include a five-year agreement with a regional US airline for heavy maintenance of 42 Embraer E-170 and E-175 aircraft at its San Antonio facility.

This follows an earlier two-year deal for heavy maintenance of 20 Embraer E-190 aircraft clinched in the first quarter this year.

In Singapore, ST Aerospace's training academy has been awarded an extension contract to train another 40 cadet pilots for Juneyao Airlines.

ST Engineering says the new contracts are not expected to have any material impact on its consolidated net tangible assets per share and earnings per share for the current financial year. 

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