ST Engineering secures $770m in new aerospace contracts

Projects range from airframe maintenance to cabin interiors.

The engineering firm has secured a slew of aerospace deals to beef up its order book.

According to a report by OCBC Research, the projects range from airframe maintenance and cabin interiors, to engine wash, and component repair and overhauls.

“These also include line and heavy airframe maintenance for commercial airlines and military operators, as well as cabin interior modifications for various customers,” OCBC said.

“Recall that STE was sitting on an order book of S$11.5b as of end 1Q16, of which, it expects to deliver about S$3.0b over the rest of 2016. We expect to see further order updates for its Electronics and Marine segments in the coming days,” OCBC added.