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May 05, 2015 5:45 AM ET

Aerospace and Defense

Company Overview of Singapore Technologies Engineering Ltd

Company Overview

Singapore Technologies Engineering Ltd, an investment holding company, provides engineering and related services worldwide. It operates through four segments: Aerospace, Electronics, Land Systems, and Marine. The Aerospace segment provides maintenance and engineering services, such as airframe, engine, and component maintenance, repair, and overhaul services; engineering design and technical services; and aviation materials and management services, including total aviation support. The Electronics segment designs, develops, and integrates electronics and communications systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications t...

ST Engineering Hub

1 Ang Mo Kio Electronics Park Road, No. 07-01

Singapore,  567710

Singapore

Founded in 1997

23,000 Employees

Phone:

65 6722 1818

Fax:

65 6720 2293

Key Executives for Singapore Technologies Engineering Ltd

Chief Executive Officer, President, Executive Director, Member of Budget & Finance Committee, Member of Senior Human Resource Committee, Member of Business Investment & Divestment Committee, Member of Risk Review Committee and Member of Research, Development & Technology Committee
Age: 56
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.

Singapore Technologies Engineering Ltd Key Developments

Singapore Technologies Engineering, Ltd.'s Aerospace Division Wins New Contracts Worth SGD 298 Million

Singapore Technologies Engineering Ltd. has announced that its aerospace division has won new contracts worth SGD 298 million, which involve projects ranging from aircraft maintenance and cabin interior modification, to engine wash and pilot training. Included in the first quarter of 2015 contracts is a five-year Maintenance-By-the-Hour (MBH) agreement signed with an existing Asia-based airline customer, operating a fleet of Boeing 737NG aircraft. Under the agreement, ST Aerospace will provide MBH support services for nine 737NG aircraft, covering component repairs, consignment of spares, as well as access to its inventory pool of rotables worldwide. This new contract adds to the current MBH contract signed in 2010, for the support of the airline's ten 737NG aircraft. Additionally, a contract was sealed with an international airline for heavy maintenance of six Boeing 767 and 777 aircraft. The first aircraft was inducted in March 2015, with project completion of the entire fleet scheduled for mid 2015. In Guangzhou, its airframe maintenance facility has inducted the first Airbus A320 aircraft from an Asian low-cost airline for heavy maintenance. There will be a total of 21 A320 aircraft undergoing a series of C-checks throughout the year in its Guangzhou facility. In the US, an agreement was signed with a US-based leasing company for the aircraft interior modification of two 737 aircraft. On pilot training, its flight training academy in Singapore has signed a five-year agreement with a Middle Eastern customer for a Multi-crew Pilot License programme. The first batch of 11 cadets will commence training in June 2015. During the quarter, ST Aerospace won two other 737NG landing gear overhaul and exchange contracts for airline operators in Asia. In the US, the first part-out has been accomplished on a McDonnell Douglas MD-11 aircraft, for a European aircraft leasing company. Based in Singapore, ST Aerospace Aircraft Seats will be responsible for the end-to-end design and manufacturing of a series of economy, business and first class aircraft seating solutions. On pilot training capabilities, its US flight training academy is now operational as a FAA Part 141 certified institution, to conduct commercial pilot training programmes in Hondo, Texas for both local and international students.

Singapore Technologies Engineering Ltd Announces Final Ordinary and Special Tax Exempt (One-Tier) Dividend for the Financial Year Ended December 31, 2014; Announces the Resignation of Quek Poh Huat from the Board

Singapore Technologies Engineering Ltd. at its AGM held on April 23, 2015, approved the final ordinary tax exempt (one-tier) dividend of 4.0 cents per share and a special tax exempt (one-tier) dividend of 7.0 cents per share for the financial year ended December 31, 2014. The company also approved the resignation of Mr. Quek Poh Huat from the Board.

Singapore Technologies Engineering Ltd, Annual General Meeting, Apr 23, 2015

Singapore Technologies Engineering Ltd, Annual General Meeting, Apr 23, 2015., at 14:30 Singapore Standard Time. Location: Marina Bay Sands Convention Centre, Level 3,.

Recent Private Companies Transactions

Type
Date
Target
Buyback
December 16, 2014
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