Singapore, 10 September 2014 Singapore Technologies Engineering Ltd.(ST Engineering) today announced that VT Mobile Aerospace Engineering, Inc (VT MAE)and the City of Pensacola have signed an agreement to set up an aircraft maintenance,repair and overhaul (MRO) facility at the Pensacola International Airport in Pensacola,Florida. This follows the signing of the Memorandum of Understanding in December2013. <\/p>\n
Under the agreement, the City of Pensacola will construct an aircraft hangar complex on18.66 acres of greenfield land, and lease it to VT MAE for 30 years. The hangar will beable to accommodate two wide-body aircraft, and is expected to be ready for operations inmid 2016. <\/p>\n
We are very happy to bring on board VT MAE, a leading aircraft MRO company whichhas already made significant contributions to the Gulf Coast region over the last 20 years.The City of Pensacola welcomes VT MAE as we jointly build the aviation industry inPensacola. We believe this collaboration will bring about a more robust aerospace clusterand create greater business and job opportunities for the people living in Pensacola andEscambia County,Mayor Ashton HAYWARD, City of Pensacola <\/p>\n
We have played a pioneering role in the development and growth of the aviation industry in the Gulf Coast region in the last two decades, and have been looking for a suitablelocation to expand our presence and service offerings in this region. Pensacola presentedan opportunity for us to add to our capacity with the development of an aircraft MRO facility within the Pensacola International Airport. Its strategic location, goodinfrastructure, and a dynamic and supportive leadership team, are reasons for ourdecision to establish our presence in Pensacola. We look forward to creating greatervalue for our customers, and hope to bring many value-added jobs to the people ofPensacola and Escambia County.General (USA, Ret.) John G. COBURN, Chairman and CEO, VT Systems <\/p>\n
Located in the Brookley Aeroplex in Mobile, Alabama, VT MAE is one of the citys largestprivate employers and a premier aerospace company specialising in aircraft maintenanceand modifications. It is a subsidiary of Vision Technologies Aerospace Incorporated(VT Aerospace), and marketed as part of ST Aerospaces MRO network. <\/p>\n
VT Aerospace which owns six aerospace operating companies in five locations namely,Burlington, Washington; Mobile, Alabama; New Braunfels, Texas; San Antonio, Texas; and Wethersfield, Connecticut, is a subsidiary of Vision Technologies Systems, Inc.(VT Systems), the US headquarters of ST Engineering. <\/p>\n
The agreement is not expected to have any material impact on the consolidated nettangible assets per share and earnings per share of ST Engineering for the currentfinancial year. <\/p>\n
VT Systems (Vision Technologies Systems, Inc.) is an engineering company providingintegrated solutions to the commercial and government markets in the aerospace,electronics, land systems and marine sectors. VT Systems innovative solutions, productsand services include aircraft maintenance, repair and modification; software solutions intraining and simulation; satellite-based IP communications technology; network solutionsthat integrate data, voice and video; rugged computers and computer peripheralequipment; specialised truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria,Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering.Please visit http:\/\/www.vt-systems.com<\/a>. <\/p>\n ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm ofST Engineering with a turnover of $2.08b in FY2013. Operating a global MRO networkwith facilities and affiliates in the Americas, Asia Pacific and Europe, it is the worldslargest commercial airframe MRO provider with a global customer base that includesleading airlines, airfreight and military operators. ST Aerospace is an integrated serviceprovider that offers a spectrum of maintenance and engineering services that includeairframe, engine and component maintenance, repair and overhaul; engineering designand technical services; and aviation materials and asset management services, includingTotal Aviation Support. ST Aerospace has a global staff strength of around 8,000employees worldwide. Please visit http:\/\/www.staero.aero<\/a>. <\/p>\n ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineeringgroup providing solutions and services in the aerospace, electronics, land systems andmarine sectors. Headquartered in Singapore, the Group reported revenue of $6.63b inFY2013 and ranks among the largest companies listed on the Singapore Exchange. It is acomponent stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 23,000 employeesworldwide, and over 100 subsidiaries and associated companies in 46 cities across24 countries. Please visit http:\/\/www.stengg.com<\/a> for more information. <\/p>\n <\/p>\n Read more here: <\/p>\n ST Engineering's Aerospace Arm to Establish Aircraft MRO Facility at Pensacola International Airport<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Singapore, 10 September 2014 Singapore Technologies Engineering Ltd.(ST Engineering) today announced that VT Mobile Aerospace Engineering, Inc (VT MAE)and the City of Pensacola have signed an agreement to set up an aircraft maintenance,repair and overhaul (MRO) facility at the Pensacola International Airport in Pensacola,Florida. This follows the signing of the Memorandum of Understanding in December2013. Under the agreement, the City of Pensacola will construct an aircraft hangar complex on18.66 acres of greenfield land, and lease it to VT MAE for 30 years. Continue reading