ST Aerospace wins $415m of new contracts in Q4 2015

Singapore Technologies Engineering (ST Aerospace) said it secured contracts worth S$415m ($285m) in the fourth quarter of 2015, rising from S$310m ($216m) in Q4 2014.

In its quarterly report released today (January 19), ST Aerospace said some of the contracts included line and heavy maintenance agreements for customers supporting Airbus, Boeing and McDonnell Douglas aircraft types, as well as cabin interior modifications for an unnamed airline’s fleet of E175s.

Among the component support contracts won was a landing gear agreement with Scandinavian Airlines for its 737 and CRJ900 fleets. It also confirmed a number of agreements had been signed for its EcoPower engine wash services in Asia-Pacific, Europe and the US. New capabilities introduced in Q4 included services on the electrical systems of the 787