New contracts for ST Aerospace

ST Engineering’s Aerospace arm has secured new contracts worth $298 million in 1Q2015. The new orders involve projects ranging from aircraft maintenance and cabin interior modification, to engine wash and pilot training. Highlights in the past quarter include: a five-year component Maintenance-By-the-Hour contract with an existing Asia-based airline customer operating a fleet of Boeing 737NG aircraft; Heavy maintenance contracts for a fleet of 21 Airbus A320 aircraft as well as six Boeing 767 and 777 aircraft for a low-cost airline in Asia and an international airline respectively; An interior modification contract for two 737 aircraft belonging to a US-based leasing