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Singapore Technologies Aerospace Secures $920 Million Of New Contracts In 2Q15

Shares Investment

Singapore Technologies Engineering’s (ST Engineering) aerospace arm, Singapore Technologies Aerospace (ST Aerospace), has secured new contracts worth $920 million in 2Q15.

The bulk of the contract value includes the recently announced contract of over US$100 million awarded by Flybe, and the engine maintenance contract of US$350 million from Jet Airways.

The contracts also include projects ranging from airframe, component and engine maintenance, to engine wash and pilot training.

In addition, ST Aerospace’s flight training academy has become the only training centre in Singapore to be equipped with an Airbus A320 full flight simulator, certified by the European Aviation Safety Agency.

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