Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • Dow

    39,760.08
    +477.75 (+1.22%)
     
  • Nasdaq

    16,399.52
    +83.82 (+0.51%)
     
  • Bitcoin USD

    70,619.70
    -507.18 (-0.71%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,954.57
    +22.59 (+0.28%)
     
  • Gold

    2,232.00
    +19.30 (+0.87%)
     
  • Crude Oil

    82.45
    +1.10 (+1.35%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

ST Engineering’s Electronics Arm Secures Contracts Worth $585 Million In 3Q17

Singapore Technologies Engineering (ST Engineering) announced that its electronics arm, Singapore Technologies Electronics (ST Electronics), has clinched about $585 million worth of contracts in 3Q17 for Rail Electronics & Intelligent Transportation, Satellite & Broadband Communications, as well as Advanced Electronics and Information Communications Technologies (ICT) solutions.

Rail Electronics & Intelligent Transportation contracts of about $125 million were secured from local and overseas customers. These included the supply of the Communications and Platform Screen Door Systems for Bangkok’s MRT Blue Line and Blue Line Extension, Passenger Information Systems for Wuhan Metro Line 11 and Saudi Arabia’s Mecca Metro Line, rail electronics for Taipei MRT and Taoyuan Airport MRT line, as well as the Integrated Supervisor Control System, Maintenance Management System, Communications and Automatic Fare Collection Systems for Singapore and the region. These projects will be completed progressively till 2024.

Satellite & Broadband Communications Contracts amounting to $101 million were awarded by government, telecom and enterprise users worldwide for the supply of broadband network, satellite network equipment and earth stations. Some notable wins included the selection of VT iDirect’s platform and its new iQ Series by IsoTropic Networks and Datagroup, Very Small Aperture Terminal industry providers, enabling the provision of High Throughput Satellite and next generation services to their customer bases in Ukraine, North America, Europe and Asia. These projects will be completed progressively over the next three years.

About $359 million worth of Advanced Electronics and ICT contracts were secured from customers in the public and private sectors. Some of these included Integrated Security Management Systems, Tactical Vehicles with Communications Systems, Operations as well as Maintenance and Engineering Services. These projects will be completed progressively till 2022.