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ST Engineering's Marine Arm Secures S$200m Contract To Design And Build Landing Platform Dock
Singapore, 11 November 2008 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a contract in a basket of currencies amounting to about S$200m, to design and build a 141m Landing Platform Dock (LPD), two 23m Landing Craft Mechanised (LCM) and two 13m Landing Craft Vehicle and Personnel (LCVP), for a navy in the Asia Pacific region. Construction is scheduled to begin in mid 2009 and delivery is planned for in 2H 2012.
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 Marine is very honoured to be selected amongst renowned international yards and is proud that its proprietary design is successful beyond our shores." ~ CHANG Cheow Teck, President, ST Marine
ST Marine, the marine arm of ST Engineering, provides turnkey building, repair and conversion services for a wide spectrum of naval and commercial vessels. In shipbuilding, it has the proven capabilities to provide turnkey solutions from concept definition to detailed design, construction, on-board system installation and integration, testing, commissioning to through-life support. It has also established a track record in providing high engineering content shiprepair and ship conversion services for a worldwide clientele. Please visit www.stengg.com.
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 and ranks among the largest companies listed on the Singapore Exchange. ST Engineering has more than 19,000 employees worldwide, and over 100 subsidiaries and associated companies in 21 countries and 35 cities. Please visit www.stengg.com.
Media Contacts:
Sharolyn Choy
SVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1883
Fax: (65) 6720 2293
Email: sharolynchoy@stengg.com
Adeline Wong
AVP/Head, Corporate Communications
ST Marine
Tel: (65) 6860 9285
Fax: (65) 6861 3028
Email: adelinewong@stengg.com
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