ST Engineering wins $900m worth contracts in H12020

Singapore Technologies Engineering (ST Engineering) has won nearly $900 million of aerospace related contracts in the first quarter of 2020.

The group’s Aerospace sector secured about $838m across its spectrum of aviation manufacturing and MRO businesses.

The MRO contracts included A320 heavy maintenance contracts and CFM56-7B engine maintenance contracts from Chinese airlines, and a component Maintenance-By-the-Hour contract from a Southeast Asian airline to provide comprehensive component maintenance services for its entire fleet of Boeing 737 and Bombardier Q400.

These 1Q contracts comprised those previously announced in February during the Singapore Airshow 2020, such as the multi-year engine and component MRO contracts from a South Korean airline; a five- year nacelle maintenance contract and a three-year airframe heavy maintenance contract.