ST Electronics secured $513m worth of contracts in Q3

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ST Engineering today revealed that its electronics arm, ST Electronics, has secured about $513m worth of contracts in the third quarter of 2014.

The contracts are for rail electronics and intelligent transportation, satellite and broadband communications, as well as advanced electronics and Information Communications Technologies (ICT) solutions.

Rail electronics and Integrated Transportation System contracts amounting to about $101m included platform screen doors, signalling installation and digital communication network sub-contract works for GE Transportation for Singapore Thomson-East Coast Line.

It also includes other systems and maintenance projects for Malaysia’s Ampang Line, Wuhan MRT Line 4 in China and a Passenger Information System for an Indian rail project in New Delhi. Work on all these projects have started and will be completed progressively over the next 5 to 9 years.

ST Electronics also secured contracts worth $117m for its satellite communications business. For advanced electronics and ICT solutions, ST Electronics secured contracts totalling about $295m in 3Q2014. These include integrated security systems for various premises and facilities in Singapore and the region as well as a contract to supply secured Location Based Services products for an overseas customer.

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