Singapore Technologies Aerospace Ltd secured new MRO contracts worth about $530m in the third quarter of 2017.
Singapore Technologies Aerospace Ltd (ST Aerospace) — the aerospace arm of Singapore Technologies Engineering Ltd (ST Engineering) — says it secured new contracts worth about $530m in the third quarter of 2017 for services ranging from heavy airframe and engine maintenance, component repair and overhaul to cabin retrofit.
The heavy airframe maintenance contracts include long-term agreements to support a range of aircraft platforms. Other MRO contracts signed in 3Q2017 include agreements to service CFM56-7B engines for European and Asian airlines, as well as agreements to overhaul landing gear on commercial and military aircraft.
The company reported further growth in its cabin retrofit business and secured a launch customer for its aircraft seats when it won a contract from an aircraft leasing company to refresh and reconfigure the cabin interior of two A320 aircraft.
Other non-MRO related contracts won during the quarter include a three-year agreement to further support existing customer Xiamen Airlines' pilot training needs, and a three-year agreement from new customer Air China to train up to 100 cadet pilots per year.
In other news, the company's airframe MRO station in Guangzhou, China, received approval from the Civil Aviation Authority of Malaysia to provide maintenance services for the Boeing 767, while its VIP completion and refurbishment business, AERIA Luxury Interiors, LLC registered successfully for an independent repair certification with the Federal Aviation Administration.
ST Aerospace, which reported sales of $2.49bn in FY2016, claims to be the world’s largest commercial airframe MRO provider.