ST Electronics bagged deals worth $742m in Q4

It secured $2.24b worth of new orders for the year.

Singapore Technologies Engineering Ltd (ST Engineering) announced today that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics), has clinched about $742m worth of contracts in the fourth quarter of 2017.

According to a press release, the contracts comprised Rail Electronics & Intelligent Transportation, Satellite & Broadband Communications, as well as Advanced Electronics and Information Communications Technologies (ICT) solutions.

Rail Electronics and Intelligent Transportation contracts of more than $160m were secured from overseas and local customers.

These included the supply of rail electronics systems for Thailand and the region, including the delivery of the Communications Systems, Automatic Fare Collection System, Platform Screen Doors, SCADA (Supervisory Control and Data Acquisition) and Passenger Information System for the Bangkok Blue Line Extension.

For satellite and broadband communications, contracts amounting to $84m were awarded from various government, telecom and enterprise users worldwide. They included the installation of a VT iDirect Hub in Somalia and Mexico which enables high speed satellite connectivity and data application, launch of the first VT iDirect DVB-S2X network in Russia.

About $498m worth of Advanced Electronics and ICT contracts were secured from various local and overseas customers. This includes a contract worth $98m from Israel-based company, Arad Technologies for the supply of a smart sensor network system that will enhance smart cities management in China, Europe, India and the US.

Also Read

BRC Asia buys 19.1% stake in Angkasa for $16.1M

Soilbuild bags $81M in new construction contracts

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit