Singapore, 16 October 2013 Singapore Technologies Engineering Ltd (ST Engineering) todayannounced that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace) hassecured new orders worth about $600m in the third quarter of 2013. The new orders involve projects ranging from airframe, component and engine maintenance, to commercial airline cabinretrofit and freighter conversions. <\/p>\n
Included in the 3Q2013 contracts is an order of 17 passenger-to-freighter (PTF) conversionsreceived from an international air freight carrier, bringing to 119 the total number of aircraftcontracted for the Boeing 757-200 PTF conversion programme. <\/p>\n
In the cabin interior business, ST Aerospaces expertise in providing complete turn-key solutionshas once again been affirmed with the clinching of a cabin reconfiguration project for two Boeing767-300 airplanes for an Asian airliner. Another noteworthy achievement is the ownership of aSupplemental Type Certificate (STC) awarded by the European Aviation Safety Agency for a full cabin retrofit programme involving six A330 aircraft for an international carrier. <\/p>\n
In the third quarter, ST Aerospace redelivered a total of 245 aircraft for airframe maintenance andmodification work. This is in addition to the five Boeing 757-200 converted freighters redeliveredduring the quarter. Besides airframe redeliveries, the aerospace sector processed 11,360 components, 59 landing gears, 57 engines and conducted 1,570 engine washes for bothcommercial and military customers. <\/p>\n
ST Aerospace continues to strengthen its footprint by implementing market expansion strategies inthe engine leasing and pilot training sectors. ST Aerospaces wholly owned subsidiary,ST Aerospace Engines Pte Ltd (STA Engines) recently injected additional capital into its 50%- jointly controlled company Total Engines Asset Management Pte Ltd (TEAM). TEAM has placedout 10 engines to date. It has also expanded its leasing portfolio to include the International AeroEngines V2500 engine, on top of the CFM56 series engines. <\/p>\n
On the development of the pilot training business, ST Aerospaces commercial pilot trainingacademy has been certified as a Type Rating Training Organisation by the Civil Aviation Authorityof Singapore (CAAS). With this certification, ST Aerospaces training academy will be able toprovide aircraft type conversion training leading to CAAS type ratings, thus enriching its portfolio oftraining courses. A fixed-based Airbus A320 FFT X - MPL simulator has also recently beencommissioned at ST Aerospaces training academy at Seletar Aerospace Park in Singapore. Thisdevice - which features state-of-the-art technology and a fully type-specific cockpit - has beenspecially designed to support the Multi-Crew Pilot Licence (MPL) Phase II training. ST Aerospaceis the first in Singapore to develop the MPL programme. <\/p>\n
The above developments are not expected to have any material impact on the consolidated nettangible assets per share and earnings per share of ST Engineering for the current financial year. <\/p>\n
ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineeringwith a turnover of $2b in FY2012. Operating a global MRO network with facilities and affiliates inthe Americas, Asia Pacific and Europe, it is the worlds largest commercial airframe MRO providerwith a global customer base that includes leading airlines, airfreight and military operators.ST Aerospace is an integrated service provider that offers a spectrum of maintenance andengineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and assetmanagement services, including Total Aviation Support. ST Aerospace has a global staff strengthof more than 9,000 employees worldwide. Please visit http:\/\/www.staero.aero<\/a>. <\/p>\n <\/p>\n Original post: <\/p>\n ST Engineering's Aerospace Arm Secures New Orders Worth $600M in 3Q2013<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Singapore, 16 October 2013 Singapore Technologies Engineering Ltd (ST Engineering) todayannounced that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace) hassecured new orders worth about $600m in the third quarter of 2013. The new orders involve projects ranging from airframe, component and engine maintenance, to commercial airline cabinretrofit and freighter conversions Continue reading