ST Engineering’s aerospace arm wins $840 mil in contracts in 4Q

SINGAPORE (Jan 16): ST Engineering announced that its aerospace arm, ST Aerospace, has secured new contracts worth about $840 million in the 4Q of 2016 for services ranging from line and airframe maintenance to component repair and overhaul. This brings total value of contracts won for the full 2016 to $2.57 billion.

The total contract value for 4Q16 includes a five-year agreement with Alaska Airlines to exclusively provide maintenance, repair and overhaul (MRO) maintenance support for the airline’s CFM56-7B engines that power its fleet of Boeing 737-700 and 737-900 aircrafts.

Included in the 4Q16 contracts are also line and heavy airframe maintenance for commercial airlines and military operators. Other contract wins include several landing gear overhaul agreements from various airlines, a long-term landing gear repair contract from an established national carrier and multiple contracts for EcoPower engine wash services including a one-year extension contract worth US$2.6 million ($3.7 million) for a commercial airline.

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