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ST Electronics secures S$580m contracts in Q2

The value of contracts secured is similar to the S$581 million in the first quarter of this year, but slightly lower than the S$593 million achieved during the last three months of 2013.

SINGAPORE: Singapore Technologies Electronics (ST Electronics), the electronics arm of listed Singapore Technologies Engineering, secured about S$580 million worth of contracts in the second quarter of 2014, its parent company said on Wednesday (July 16).

The value of contracts secured in the second quarter is similar to the S$581 million in the first quarter of this year, but slightly lower than the S$593 million achieved during the last three months of 2013.

In the transportation field, ST Electronics secured about S$272 million worth of contracts in the second quarter of 2014 for rail electronics and traffic management projects both locally and overseas.

In the area of advanced electronics and infocomm technology, its contracts totalled about S$211 million. The projects include facility management, operations and support services for both public and private sector customers.

ST Electronics' businesses include the design, development and integration of advanced electronics and communications systems, including broadband radio frequency and satellite communication. It also handles e-government solutions, rail and traffic management, real-time command and control, modelling and simulation, e-learning and intelligent building management and information security.

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