Airbus Awards ST Engineering's Aerospace Arm Contract to Support SIA

SINGAPORE --- Singapore Technologies Engineering Ltd today announced that ST Aviation Services Co Pte Ltd (SASCO), a subsidiary of Singapore Technologies Aerospace Ltd (ST Aerospace), has been awarded a contract by Airbus to provide heavy maintenance checks for 19 A330 aircraft leased to Singapore Airlines.>> This contract is part of an Airbus multi-party contract to provide support to Singapore Airlines as part of the lease arrangements for this fleet. Heavy maintenance work on the fleet is expected to begin in 2015 and is estimated to be conducted over 18 months. ST Aerospace is a member of the Airbus MRO Network. ST Aerospace is also the aerospace arm of ST 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.>>> ST Aerospace is the aerospace arm of ST Engineering. Operating a global MRO network with facilities in the Americas, Asia Pacific and Europe, it is the world's largest aircraft MRO provider with a global customer base that includes many of the world's leading airlines, airfreight operators and military operators. ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $5.05b in FY2007. ST Engineering has more than 18,000 employees worldwide, and over 100 subsidiaries and associated companies in 21 countries and 35 cities.