ST Eng'g aerospace arm secures $370m contracts 2Q12
ST Aerospace contracts will be carried out at its global maintenance, repair and overhaul network.
According to ST Eng'g, ST Aerospace has secured about $370m worth of new contracts in the second quarter of 2012. These contracts for Aircraft Maintenance and Modification, Component Total Support, and Engine Total Support businesses will be carried out at its global maintenance, repair and overhaul network.
Here's more from ST Eng'g:
Between April and June, ST Aerospace redelivered 157 aircraft for airframe maintenance and modification work. For PTF conversions, it redelivered six converted freighters to various customers. Besides airframe redeliveries, ST Aerospace serviced 8,136 components and 78 engines for both commercial and military customers.
During the quarter, ST Aerospace’s affiliate VT Aerospace received approval from the United States Bankruptcy Court in the District of Delaware to acquire theTampa aerospace maintenance facility and certain assets of Pemco World Air Services Inc. (PEMCO), including the Boeing 737 freighter conversion Supplemental Type Certificates. Subject to regulatory approvals and customary conditions precedent, the acquisition is anticipated to close in July 2012, with operations to start immediately after closing.
Additionally, VT Aerospace completed the acquisition of its 50.1% stake in EcoServices, LLC, becoming a partner to Pratt & Whitney in the joint venture. EcoServices won the 2012 Eco-Technology of the Year Award at Air Transport World’s inaugural Eco-Aviation Awards 2012. EcoServices’ EcoPower® engine wash reduces fuel burn and CO2 emissions, and is an innovative solution for aircraft operators to reduce their environmental impact, and at the same time, improve the operational efficiency of their fleet.
In the quarter, ST Aerospace also finalised the agreement with Airbus, EADS and EADS EFW on the A330 passenger-to-freighter conversion programme.