ST Engineering’s Aerospace Arm Secures New Contracts Worth $520m in 3Q2016

Singapore Technologies Engineering’s (ST Engineering) aerospace arm has secured new contracts worth $520m in the third quarter (3Q) of 2016, for various projects ranging from line and airframe maintenance to component repair and overhaul. The total contract value above includes the P2F (passenger-to-freighter) conversion of four Airbus A330-300 for DHL Express, announced in July. The first aircraft has been inducted into EFW, ST Aerospace’s facility in Dresden, Germany. Among the line and heavy maintenance contracts clinched during the quarter was a five-year agreement with an international airline to provide airframe heavy maintenance support for the airline’s Boeing 767 and 777