By Jasmine Ng The Business Times Sunday, Jan 13, 2013 <\/p>\n
Singapore Technologies Engineering's aerospace arm wrapped up the fourth quarter of last year with new contracts worth about $450 million. <\/p>\n
The new contracts - for airframe, component and engine maintenance, as well as engineering and development - are to be carried out at ST Aerospace's global network. <\/p>\n
The fourth quarter also saw ST Aerospace redelivered 165 aircraft for airframe maintenance and modification work. For passenger-to-freighter (PTF) conversions, it also redelivered five converted Boeing 757-200 freighters, bringing the total number of PTF redelivery last year to 16. <\/p>\n
Besides airframe redeliveries, ST Aerospace processed 9,847 components, 61 landing gears and 78 engines for both commercial and military customers. <\/p>\n
In Singapore, it added a narrow-body aircraft hangar at its Changi facility for its airframe maintenance, repair and overhaul (MRO) business. <\/p>\n
The new hangar is expected to begin operations by the end of third quarter this year. It will be able to accommodate two narrow-body aircraft such as the Boeing 737 and Airbus A320, contributing an additional 200,000 man-hours every year. <\/p>\n
In the US, VT Aerospace (which is a subsidiary of Vision Systems, the US headquarters of ST Engineering) has completed the acquisition of a full stake in Volant Aerospace for US$13.1 million (S$15.9 million). <\/p>\n
Volant will be managed as part of the aerospace sector's global MRO network to offer one-stop turnkey cabin retrofit services. <\/p>\n
On the cabin refurbishments front, ST Aerospace's brand, Aeria Luxury Interiors, has secured a contract for the interior modification of a Boeing 767-200ER VIP aircraft. The deal covers project management, design, engineering and installation. <\/p>\n
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ST Aerospace wins $450m of deals in Q4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By Jasmine Ng The Business Times Sunday, Jan 13, 2013 Singapore Technologies Engineering's aerospace arm wrapped up the fourth quarter of last year with new contracts worth about $450 million. Continue reading