ST Engineering pops the champagne on $12.7b order book

And almost $2.65b worth of new deals.

According to DBS, STE closed the quarter with S$12.7bn orderbook. YTD in FY13, STE has announced close to S$2.65bn worth of new contracts.

"On the Aerospace front, STE continued to expand capabilities in Aerospace with three new initiatives: i) long-term agreements with UTC Aerospace Systems
to provide B787 component MRO, ii) enhancing B757 PTF solutions, and iii) acquisition of Turbo Mach to expand suite of cabin interior services," DBS said.

Shiprepair operations in the US are also expected to start in 4Q.

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