New MRO Revenue Falls At ST Aerospace

Singapore Technologies Aerospace (ST Aerospace) won new orders for MRO services, conversion and modification work worth $450m in Q3 of 2014, a 25 per cent fall in revenue compared with the same period for last year.

Singapore Technologies Aerospace (ST Aerospace) won new orders for MRO services, conversion and modification work worth $450m in Q3 of 2014, a 25 per cent fall in revenue compared with the same period for last year.

In Q3 2013 ST Aerospace generated orders worth $600m.

During Q3 this year, the company, which is a division of ST Engineering, redelivered 248 aircraft following airframe maintenance and modification work, alongside processing 10,921 components, 45 landing gears and 34 engines.

ST Aerospace also won two new contracts with European customers for the manufacture of structural castings for engines and air management systems.

TAGS: Asia Pacific
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