ST Engineering's Aerospace Arm Posts Q3 Earnings

Contract wins for the quarter in airframe, engine and parts segments.

Singapore Technologies Engineering’s aerospace sector secured new contracts worth about S$590 million ($427.4 million) in the third quarter of 2018 for services ranging from airframe, engine and component maintenance to engine washes.

A number of these contracts are multi-year agreements, including a four -year ATR 72 landing gear overhaul agreement from an Asian airline, a five-year contract extension to maintain PW4000 thrust reversers and inlets of a European operator’s A300-600s and heavy maintenance agreements with American freight operators.

The aerospace sector redelivered a total of 208 aircraft for airframe heavy maintenance and modification work in the quarter. A total of 11,992 components, 35 landing gear and 45 engines were processed, while 2,644 engine washes were conducted.

The company continued to expand its aftermarket services in nacelle systems by successfully setting up MRO capabilities for A320 V2500 and CFM56-5B nacelles.

It is currently developing aftermarket capabilities in new-generation flight-control and nacelles systems used in aircraft platforms such as Boeing 737MAX and 777.

In China, the sector expanded its airframe maintenance portfolio when its Guangzhou facility obtained approval from the Civil Aviation Administration of China to carry out base maintenance for the 767.  

TAGS: Asia Pacific
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