ST Aerospace Secures $450m Worth Of New Contracts In 4Q 2012

ST Aerospace has announced that it secured new contracts worth $450m in 4Q 2012. The contracts are for airframe, engine and component maintenance, plus engineering and development. During 4Q, ST Aerospace redelivered 165 aircraft after airframe maintenance and modification as well as five converted 757-200 freighters, bringing the total passenger-to-freighter (PTF) conversions for the year to 16. ST Aerospace also processed 9,847 components, 61 landing gears and 78 engines for both commercial and military customers. In Singapore, the company added a narrowbody aircraft hangar at its Changi facility, with operations set to begin in 3Q 2013. The new facility will be able to accommodate two aircraft and will enable ST Aerospace to extend its range of airframe maintenance services, contributing an additional 200,000 manhours per annum. In the US, the company’s affiliate VT Aerospace completed its acquisition of Volant Aerospace.

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