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ST Electronics bagged deals worth $742m in Q4

Singapore Business Review
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.

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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.



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