SINGAPORE (Oct 29): ST Engineering has agreed to jointly develop a 655,000 sf airframe maintenance, repair and overhaul (MRO) complex at the Pensacola International Airport as part of the group’s capacity expansion for its MRO business in the US.

The development will be undertaken by ST Engineering and the City of Pensacola over the course of four years and is expected to cost about US$210 million ($290 million).

A Memorandum of Understanding (MoU) was signed between both parties on Saturday.  

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