Singapore, 17 September 2012 – Singapore Technologies Engineering Ltd (ST Engineering) refers to The Straits Times' article on 17 September 2012 on the European Commission's clearance of the planned joint control by EADS and Singapore Technologies Aerospace Ltd (ST Aerospace) of Elbe Flugzeugwerke GmbH (EADS EFW). The investment was first announced by ST Engineering on 15 February 2012, and subsequently on 19 May 2012.
ST Engineering wishes to clarify that while its aerospace arm ST Aerospace has received the European Commission's clearance, this approval is one of several conditions that it has to satisfy in its investment in EADS EFW. ST Engineering will make an announcement when it has satisfied all regulatory approvals and closing conditions pertaining to this investment.
ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world’s largest commercial airframe MRO provider with 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 and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and management services, including Total Aviation Support. ST Aerospace has a global staff strength of more than 8,000 engineers and technical specialists. Please visit www.staero.aero.
ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of S$5.99b in FY2011 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities. Please visit www.stengg.com.
SVP, Corporate Communications
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AVP / Head, Corporate Communications
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