ST Engineering’s electronics arm wins $490 mil of contracts in 2Q

SINGAPORE (July 19): ST Engineering says its electronics arm, ST Electronics, secured about $490 million worth of contracts in the 2Q of 2017.

Among the contracts, rail electronics and intelligent transportation contracts of about $131 million were clinched from local and overseas customers.

These included contracts for communications systems, automatic fare collection and platform screen door systems for the region, a passenger information display system for Hong Kong’s Shatin to Central Link (SCL) railway line, as well as maintenance services for intelligent transport and fleet management systems. These projects will be completed progressively till 2024.

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