ST Engineering's Aerospace Arm Wins US$51m C-130B Retrofit Contract From Indonesian Air Force

27 November 2008

C-130B of the Indonesian Air Force (photo : Angkasa)

Singapore - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace), has been awarded a US$51m (about S$75m) contract to perform maintenance and modification on four C-130B aircraft for the Indonesian Air Force (IAF). The programme commences immediately and is expected to be completed over 30 months. The work will be performed by ST Aerospace's subsidiary, ST Aerospace Engineering Pte Ltd (STA Engineering).

This contract is 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.

(STEngg)