ST Electronics closes 2Q with S$210M contract wins
ST Engineering's electronics arm clinched mostly rail electronics solutions during the period from April to June.
The largest of its contract wins for the period was the $98m contract from Singapore’s Land Transport Authority (LTA) to enhance the Expressway Monitoring & Advisory System (EMAS) equipment along eight expressways in Singapore which was announced in April 2012.
The bulk of the win balance consisted of a S$31.6m contract by Singapore’s Land Transport Authority (LTA) for the Tuas West Extension. This extension is a 7.5km mass rapid transit line, with four aboveground stations and one train depot. ST Electronics will supply, deliver, install, test, commission and provide warranty for a communications system. Work on the project started in May 2012 and is expected to be completed by 2016.
Then there is the S$80m in in joint contract with US company, VT iDirect to provide satcom systems to local and international customers These were for the provision of network infrastructure and support services, satcom solutions, hubs and routers, the supply of satellite earth stations and its latest range of one of the world’s smallest and lightest Agilis VSAT (Very Small Aperture Terminal) products.
ST Electronics added that aside from the S$210m, the firm also secured new contracts for its AgilFence PIDS (Perimeter Intrusion Detection System) from other local customers. The AgilFence PIDS was launched in 2011 when the Changi Airport Group announced its decision to install the AgilFence PIDS for Changi Airport’s perimeter fence. In the area of simulation training and related maintenance services, the company will provide and manage the training services for the ATR (Avions de Transport Régional) Training Centre located in Seletar Aerospace Park in Singapore. ATR is a French-Italian aircraft manufacturer headquartered on the grounds of Toulouse Blagnac International Airport in Blagnac, France.