Singapore, 15 April 2015 – Singapore Technologies Engineering Ltd (ST Engineering) announced today that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has secured about $382.5m worth of contracts in the first quarter of 2015 (1Q2015) for Rail Electronics & Intelligent Transportation, Satellite & Broadband Communications, as well as Advanced Electronics & Information Communications Technologies (ICT) solutions.
Rail Electronics & Intelligent Transportation
Rail Electronics & Intelligent Transportation contracts of about $32.5m were secured from local and overseas customers in Hong Kong, Taiwan, the Middle East and Latin America, including a new market in Ho Chi Minh City, Vietnam. The projects include Command, Control and Communications (C3) Systems and Maintenance Management System including integrated monitoring and surveillance systems and land transport solutions and services for government agencies. These will be delivered progressively over the next three years.
Satellite & Broadband Communications
In the area of Satellite & Broadband Communications, contracts amounting to about $55.3m included orders from international telecom providers, broadcast companies and government agencies for satellite communication equipment, network equipment and earth stations. These will be delivered progressively over the next few years.
Advanced Electronics & ICT Solutions
Finally, about $294.7m worth of Advanced Electronics & ICT contracts were received from both public and private sectors and will be delivered progressively over the next five years. Amongst these are contracts for Intelligent Security Management System, advanced communication systems and services, mobile security services and automated metering solutions for government agencies and commercial businesses.
These contracts are 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 Electronics (Singapore Technologies Electronics Limited) is the electronics arm of Singapore Technologies Engineering Ltd, one of the largest public-listed companies on the Singapore Stock Exchange. ST Electronics is a global engineering company specialising in the design, development and integration of advanced electronics and communications systems. Our capabilities are in Rail & Intelligent Transportation; Satellite & Broadband Communications; Info Comm Technologies; Command & Control operations, Training & Simulation; Intelligent Building & Security Systems and Cybersecurity. We have a presence in over 20 countries spanning North America, Latin America, Europe, Africa, the Middle East, China, India and Southeast Asia. For more information, please visit www.stee.stengg.com
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 revenue of $6.54b in FY2014 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 about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries. Please visit www.stengg.com for more information.
SVP, Corporate Communications
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