Singapore, ST Aerospace announced today that it has secured about S$540m worth of new contracts in the first quarter of 2012.  The contracts covers aircraft maintenance and modification, component total support, and engine total support businesses will be implemented at company's global maintenance, repair and overhaul (MRO) network.

While for passenger-to-freighter (PTF) conversions, ST Aerospace secured fifteen Boeing 757-200 PTF order. Between January and March, ST Aerospace redelivered 90 aircraft for airframe related maintenance and modification work.  For PTF conversions, it redelivered three Boeing 757-200 converted freighters to FedEx Express.  In addition to airframe re-deliveries, ST Aerospace serviced 51 engines and 15,720 components for both commercial and military customers.

According to ST Aerospace,  it expanded its presence at Singapore’s Seletar Aerospace Park, with a purpose-built general aviation aircraft hangar, simulator center for pilot training, facilities for aviation technical training and a VIP facility for its air charter business.  These facilities are expected to commence operation the end of 2012.

ST Aerospace added Boeing 757-200 aircraft conversion capability.  It received two Supplemental Type Certificates (STC) for its Boeing 757-200 passenger-to-passenger/cargo (combi) (PTC) conversion programme from the European Aviation Safety Agency and the US Federal Aviation Administration (FAA) respectively. 

During the Singapore Airshow,  ST Aerospace announced the launch of a VIP aircraft completion and refurbishment center.  While it signed a memorandum of understanding (MoU) with Airbus and EADS EFW in February to develop the A330P2F conversion programme.

The contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

Source: ST Aerospace (Singapore Technologies Aerospace Ltd)

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