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ST Engineering's Land Systems Arm Awarded £150m Contract By UK MoD For Bronco All Terrain Tracked Carriers
Singapore, 18 December 2008 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its land systems arm, Singapore Technologies Kinetics Ltd (ST Kinetics), has been awarded a contract of about £150m (about S$330m) by the UK Ministry of Defence (UK MOD) for the supply of Bronco All Terrain Tracked Carriers (ATTC). Designated as "WARTHOG" by the UK MOD, the vehicles are being procured in response to an Urgent Operational Requirement (UOR). The vehicle deliveries will commence in third quarter 2009, with the majority to be delivered in 2010.
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.
The WARTHOG is a development of ST Kinetics' Bronco ATTC, a robust, reliable and proven articulated platform with many hundreds in service. The Bronco's articulated design delivers exceptional mobility across a wide range of terrain and climate, and is extensively armoured and highly survivable. Critically, it will give the UK MOD a significant increase in protection against roadside bombs. Bronco will also deliver considerable increases in range, payload and internal capacity over incumbent vehicles currently being used in Afghanistan.
Four WARTHOG variants will be built under the contract - Troop Carrier, Ambulance, Command, and Repair & Recovery.
"We appreciate the close, flexible and constructive working relationship with ST Kinetics. They are a great company to work with and the Bronco has exceeded our expectations in terms of quality, capability and performance. We are delighted with their product, attitude and the progress jointly made in a very short time indeed." ~ Simon COX, Programme Manager, UK MOD
"ST Kinetics is proud that its Bronco ATTC has been selected to serve the UK MOD. With the Bronco, we are now able to provide the UK MOD with a significant increase in combat capability - range, payload, internal capacity and survivability." ~ SEW Chee Jhuen, President, ST Kinetics
ST Kinetics is the land systems and specialty vehicles arm of ST Engineering. It delivers integrated land systems, specialty vehicles and their related through life support for defence, homeland security and commercial applications. 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 24 countries and 42 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
Gaius Ho
AVP / Head, Corporate Communications
ST Kinetics
Tel: (65) 6660 7448
Fax: (65) 6261 2338
Email: hogaius@stengg.com
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