ST Aero secures $350 million in contracts
ST Engineering’s aerospace arm, ST Aerospace announced it has sealed new contracts valued at about $350 million in the fourth quarter of 2011.
February 15, 2012
ST Engineering’s aerospace arm, ST Aerospace announced it has sealed new contracts valued at about $350 million in the fourth quarter of 2011. These contracts will be carried out at its network of facilities and affiliates in the Americas, Asia Pacific and Europe. The Aircraft Maintenance & Modification business group secured new airframe contracts involving base maintenance, heavy maintenance, passenger-to-freighter (PTF) conversion and interior refurbishment on various commercial and military aircraft platforms.
The Component Total Support business group secured new component contracts, including Maintenance- By-the-Hour (MBHTM), repair management, avionics and mechanical component maintenance, aerostructures and thrust reverser repair, and landing gear repair and overhaul. The Engine Total Support business group clinched new engine maintenance contracts, which includes on-wing maintenance, off-wing maintenance, technical management and asset management on various engines types. Besides engine maintenance, its leasing joint venture was awarded a contract from Lion Air for the lease of three CFM56-7B engines over 10 years. This contract is in addition to the total contracts’ value for the fourth quarter of 2011.
At quarter end, ST Aerospace redelivered 101 aircraft for airframe related maintenance and modification work. For PTF conversions, it redelivered five Boeing 757-200 converted freighters to FedEx Express. Besides airframe redeliveries, ST Aerospace serviced 72 engines and 13,382 components for both commercial and military customers. On engine capability development, ST Aerospace’s engine maintenance, repair and overhaul (MRO) facility in Xiamen commenced operations, providing MRO and total support for the CFM56-7B and CFM56-5B series of engines.