ST Engineering

[toiletsiao]

Singapore, 9 January 2014 – Singapore Technologies Engineering Ltd (ST Engineering) announced that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace) has been awarded new orders worth $780m in the fourth quarter (4Q) of 2013. These contracts span the aerospace sector’s broad range of capabilities, from airframe, component and engine maintenance, to cabin reconfiguration and engine wash.

Following the launch of the 15-pallet cargo configuration development effort for its 757-200SF freighter conversion programme in June 2013, ST Aerospace received its first contract for five 757-200SF converted freighters with the new variant. A six-year contract was also secured with an existing Asian customer for the depot maintenance of its fleet of aircraft, covering airframes, components and engines.

ST Aerospace continued to gain momentum as a complete turnkey cabin reconfiguration provider, with the award of a cabin interior modification contract for 20 Boeing 767-300 aircraft. The first aircraft was inducted in early January 2014, targeted for redelivery by end of first quarter 2014. For VIP cabin reconfiguration, its US affiliate secured its first green aircraft completion contract from an undisclosed European-based VIP Boeing Business Jet customer.

In 4Q2013, ST Aerospace redelivered a total of 198 aircraft for airframe maintenance and modification work. A total of 10,985 components, 67 landing gears and 60 engines were processed, while 2,484 engine washes were conducted for both commercial and military customers.

On airframe capability development, a new narrow-body hangar was added at its Changi facility, capable of accommodating two single-aisle aircraft simultaneously.

In the US, ST Aerospace’s affiliate STA Mobile signed a Memorandum of Understanding with the City of Pensacola to jointly explore the development of a satellite airframe facility at the Pensacola International Airport.

For engine wash, ST Aerospace’s US affiliate EcoServices signed a teaming agreement with Vector-Hawk Aerospace for the launch of a new version of the EcoPower® engine cleansing system, specially developed for all international and domestic customers of commercial and military PT6 turboprop engine-powered aircraft.

On pilot training capability development, additional six Cessna 172 single-engine training aircraft with matching flight training device were acquired for its flying operations in Australia.

Other initiatives implemented in 4Q2013 include the setting up of an aircraft leasing business to focus on mid-life to end-of-life aircraft for leasing, conversion and part out; and the establishment of Hondo Aerospace at the South Texas Regional Airport in Hondo,Texas to venture into green harvesting of aircraft parts, components and engines.

still got electronics and kinetics havent announce their order book wins yet (if any) ....

do note that this yr there is Aerospace Show (there isnt any last yr).... usually ST Aerospace wins quite a number of contracts from that show...

[sgd]

I know of something on the market called quadski basically amphibious jetski with wheels mainly for recreational use, this is taking it to the next level.

source: http://defense-update.com/20140212_new-a...0Ky2yjwAo4

-- New Amphibian Tailored for Homeland Security, Disaster Relief

[Image: gibbs_humdinga.jpg]

[Image: humdinga_amphibian700.jpg]

Singapore Technologies Kinetics Ltd (ST Kinetics) and Gibbs Amphibian Ltd. have signed a partnership agreement covering Gibbs’ Humdinga, an amphibious truck, which ST Kinetics intends to use as part of its plan to enhance its offering of smart disaster relief and first responder solutions.

Equally adept over land and water, the Humdinga is designed to make transitions from land to water modes within seconds, offering almost seamless travel between land and water. Swiftly configurable for cargo and passenger-carrying purposes, the Humdinga is ideal for disaster relief agencies and first responders to bring relief to difficult-to-access areas through both land and water.

Designed by Gibbs, the Humdinga integrates more than two decades of experience in amphibious vehicle development for transportation and recreational applications. Featuring Gibbs’ proprietary High Speed Amphibian technology, the Humdinga incorporates innovations in vehicle suspension, water propulsion and wheel-retraction design. Equally capable of off-road driving and water travel, the Humdinga boasts highway-capable speeds on land and in excess of 50km/h on water.

Humdinga complements disaster relief and response vehicles from ST Kinetics, like its ExtremV all-terrain emergency response vehicle based on the ‘Bronco’, to meet the needs for first responder operations, emergency rescue, medical evacuation, emergency personnel transportation and even essential supplies transportation. Specifically, Humdinga fills the gap in the area of mitigating devastating water-related humanitarian emergencies and in gaining access to areas unreachable by land transportation.

“This new partnership signals a significant step for Gibbs, ST Kinetics and the future of transport. After over 15 years development and over US$200m invested, Gibbs has removed the land/water boundary for transport and created a whole new generation of High Speed Amphibians. That boundary between land and water just isn’t there anymore. ST Kinetics has recognised this and they are poised to capitalise on the opportunity.” Neil Jenkins, Chairman and founder of Gibbs Amphibians said.

[orangetea]

Just became vested today on back of news (yet no price run.)


Summary:
A. Electronics has secured about $580m worth of contracts in the second quarter of 2014

B. Aerospace arm has secured new contracts worth $520m in the second quarter (2Q) of 2014

Q2 results likely Aug 2nd week 2014

===

Singapore, 16 July 2014 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has secured about $580m worth of contracts in the second quarter of 2014 for rail electronics and intelligent transportation, satellite and broadband communications, as well as advanced electronics and Information Communications Technologies (ICT) solutions.

Rail Electronics & Intelligent Transportation

In the area of intelligent transportation, ST Electronics secured about $272m worth of contracts in 2Q2014 for rail electronics and traffic management projects both locally and overseas. Work on all these projects have started and will be completed progressively over the next 5 to 9 years. These projects include traffic management maintenance and services for roads; and rail electronics systems such as communications and control, commercial radio, access and maintenance management.

Satellite & Broadband Communications

ST Electronics delivered on contracts worth $93m in 2Q2014 for its satcom networks and, Very Small Aperture Terminals. In line with the effort to continually renew our product lines, ST Electronics showcased its iDirect Evolution routers and network solutions, and launched new compact and light-weight products which included the “Lite” Series radio frequency transceivers and the Agilis Parabolic VSAT Manpack Terminal at the CommunicAsia 2014.

Advanced Electronics & ICT Solutions

In the area of advanced electronics and ICT solutions, the company secured contracts totalling about $211m in 2Q2014. These contracts were for various projects including facility management, operations and support services, and others for both public and private sector customers. Work on all these have started and will be completed progressively over the next 5 to 10 years.

"ST Electronics contract wins in 2Q2014 are from our three key business areas of rail electronics, satellite communications and advanced electronics and ICT. We continue to pursue new opportunities and develop solutions that will benefit growing cities in the areas of transportation, analytics, connectivity and sustainability.” ~ LEE Fook Sun, President, ST Electronics.

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.

===

Singapore, 14 July 2014 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm has secured new contracts worth $520m in the second quarter (2Q) of 2014. These new orders span the aerospace sector repertoire of capabilities covering airframe, component and engine maintenance, freighter conversion, cabin modification, engine wash and pilot training.

Included in the 2Q2014 contracts is a five-year agreement with a regional USairline for heavy maintenance of 42 Embraer E-170 and E-175 aircraft at the aerospace sector’s San Antonio facility. This came shortly after clinching a two-year agreement in 1Q2014 for heavy maintenance of 20 Embraer E-190 aircraft.

In 2Q2014, ST Aerospace redelivered a total of 229 aircraft for airframe maintenance and modification work. In addition to airframe redeliveries, a total of 11,191 components, 56 landing gears and 49 engines were processed, while 2,505 engine washes were conducted for both commercial and military customers.

The second quarter’s aircraft redeliveries included four additional Boeing 767-300 aircraft to Air Canada rouge, after a full turnkey cabin reconfiguration programme. This follows the completion of the first two aircraft in 1Q2014.

On aircraft capability, ST Aerospace’s airframe facility in Guangzhouhas received Part 145 certifications from the Civil Aviation Administration of China, the European Aviation Safety Agency and the US Federal Aviation Administration (FAA) respectively, allowing it to extend maintenance services to aircraft operators from these regions.

On component capability development, ST Aerospace is setting up new repair and overhaul capabilities in Singapore, for the first batch of UTC Aerospace Systems’ electrical and air management system components installed on the Boeing 787 Dreamliner aircraft. Concurrently, the aerospace sector’s Scandinavian facility has added new component capabilities for the Boeing 737NG, 767 and Airbus A330 aircraft.

Leveraging new technologies, ST Aerospace’s investment casting foundry started using 3D printing for rapid prototyping and small scale production of parts.

In the US, VT Aerospace has acquired 100% equity interest in Aviation Academy of America, a FAA Part 141-approved flight school, to grow the aerospace sector’s pilot training business. In Singapore, ST Aerospace’s training academy was awarded an extension contract to train another 40 cadet pilots for Juneyao Airlines.

The above developments 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.

[The_Alchemist]

Just became vested today on back of news (yet no price run.)


Summary:
A. Electronics has secured about $580m worth of contracts in the second quarter of 2014

B. Aerospace arm has secured new contracts worth $520m in the second quarter (2Q) of 2014

Q2 results likely Aug 2nd week 2014

===

Singapore, 16 July 2014 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has secured about $580m worth of contracts in the second quarter of 2014 for rail electronics and intelligent transportation, satellite and broadband communications, as well as advanced electronics and Information Communications Technologies (ICT) solutions.

Rail Electronics & Intelligent Transportation

In the area of intelligent transportation, ST Electronics secured about $272m worth of contracts in 2Q2014 for rail electronics and traffic management projects both locally and overseas. Work on all these projects have started and will be completed progressively over the next 5 to 9 years. These projects include traffic management maintenance and services for roads; and rail electronics systems such as communications and control, commercial radio, access and maintenance management.

Satellite & Broadband Communications

ST Electronics delivered on contracts worth $93m in 2Q2014 for its satcom networks and, Very Small Aperture Terminals. In line with the effort to continually renew our product lines, ST Electronics showcased its iDirect Evolution routers and network solutions, and launched new compact and light-weight products which included the “Lite” Series radio frequency transceivers and the Agilis Parabolic VSAT Manpack Terminal at the CommunicAsia 2014.

Advanced Electronics & ICT Solutions

In the area of advanced electronics and ICT solutions, the company secured contracts totalling about $211m in 2Q2014. These contracts were for various projects including facility management, operations and support services, and others for both public and private sector customers. Work on all these have started and will be completed progressively over the next 5 to 10 years.

"ST Electronics contract wins in 2Q2014 are from our three key business areas of rail electronics, satellite communications and advanced electronics and ICT. We continue to pursue new opportunities and develop solutions that will benefit growing cities in the areas of transportation, analytics, connectivity and sustainability.” ~ LEE Fook Sun, President, ST Electronics.

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.

===

Singapore, 14 July 2014 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm has secured new contracts worth $520m in the second quarter (2Q) of 2014. These new orders span the aerospace sector repertoire of capabilities covering airframe, component and engine maintenance, freighter conversion, cabin modification, engine wash and pilot training.

Included in the 2Q2014 contracts is a five-year agreement with a regional USairline for heavy maintenance of 42 Embraer E-170 and E-175 aircraft at the aerospace sector’s San Antonio facility. This came shortly after clinching a two-year agreement in 1Q2014 for heavy maintenance of 20 Embraer E-190 aircraft.

In 2Q2014, ST Aerospace redelivered a total of 229 aircraft for airframe maintenance and modification work. In addition to airframe redeliveries, a total of 11,191 components, 56 landing gears and 49 engines were processed, while 2,505 engine washes were conducted for both commercial and military customers.

The second quarter’s aircraft redeliveries included four additional Boeing 767-300 aircraft to Air Canada rouge, after a full turnkey cabin reconfiguration programme. This follows the completion of the first two aircraft in 1Q2014.

On aircraft capability, ST Aerospace’s airframe facility in Guangzhouhas received Part 145 certifications from the Civil Aviation Administration of China, the European Aviation Safety Agency and the US Federal Aviation Administration (FAA) respectively, allowing it to extend maintenance services to aircraft operators from these regions.

On component capability development, ST Aerospace is setting up new repair and overhaul capabilities in Singapore, for the first batch of UTC Aerospace Systems’ electrical and air management system components installed on the Boeing 787 Dreamliner aircraft. Concurrently, the aerospace sector’s Scandinavian facility has added new component capabilities for the Boeing 737NG, 767 and Airbus A330 aircraft.

Leveraging new technologies, ST Aerospace’s investment casting foundry started using 3D printing for rapid prototyping and small scale production of parts.

In the US, VT Aerospace has acquired 100% equity interest in Aviation Academy of America, a FAA Part 141-approved flight school, to grow the aerospace sector’s pilot training business. In Singapore, ST Aerospace’s training academy was awarded an extension contract to train another 40 cadet pilots for Juneyao Airlines.

The above developments 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.

Orangetea, haven't seen you in the other form for a long time, managed to find you here. (But I don't think you know me)

Anyway, good luck for your STengg. I'm vested too, but noticed this counter usually would not run even with multi-million dollar contracts.

[Dividend Warrior]

but noticed this counter usually would not run even with multi-million dollar contracts.

Winning multi-million dollar contracts is the norm for ST Engg.

[The_Alchemist]

but noticed this counter usually would not run even with multi-million dollar contracts.

Winning multi-million dollar contracts is the norm for ST Engg.

That is true....

The contracts are not newly signed. It was calculated to be released now, before their next financial report is due. So you can probably guess whether it is a plus or minus.

As you might have probably noticed, some big hand is throwing, despite the released of the positive news.

Sorry to those who have vested, my take is it will fall below 3.70 soon, probably by next week. I will add more at this level.

[orangetea]

Orangetea, haven't seen you in the other form for a long time, managed to find you here. (But I don't think you know me)

Anyway, good luck for your STengg. I'm vested too, but noticed this counter usually would not run even with multi-million dollar contracts.

Hello!

[Henri]

Is STE lagging behind STI's recent run upwards? With decent financial performance and >S$12bil order book, is it undervalue?

Any VB members' opinion or enlightenment is appreciated?

[greengiraffe]

http://www.businesstimes.com.sg/premium/...m-20140814

PUBLISHED AUGUST 14, 2014
ST Engineering's Q2 profit falls 10% to S$133m
Pre-tax earnings of group's aerospace sector drop 9 per cent
BYNISHA RAMCHANDANI
nishar@sph.com.sg @Nisha_BT

SINGAPORE Technologies Engineering (ST Engineering) reported a 10 per cent year-on-year slide in its second-quarter net profit to S$133.16 million as revenue dipped slightly and costs edged upwards - PHOTO: SINGAPORE TECHNOLOGIES ENGINEERING
SINGAPORE Technologies Engineering (ST Engineering) reported a 10 per cent year-on-year slide in its second-quarter net profit to S$133.16 million as revenue dipped slightly and costs edged upwards.
Revenue slipped 0.7 per cent to S$1.59 billion as a 25 per cent drop in revenue from its land systems unit was generally offset by higher revenue from its aerospace, electronics and marine sectors. The land systems sector saw lower revenue due to fewer deliveries in its automotive business group, ST Engineering said. Cost of sales climbed 0.6 per cent to S$1.25 billion.
Commercial sales made up 62 per cent of group revenue in Q2 2014.
Its aerospace sector, which is the biggest contributor to profits of the various segments, saw a 9 per cent decline in profit before tax to S$72.9 million due to higher operating expenses and unfavourable foreign exchange impact as well as lower contributions from associates.

[sgd]

they like to use euphemisms, casino they call integrated resort.

wait lah, saf already announce of plan to use "multi mission ships" another word for aircraft carrier.

I think first they will order ST enforcer helicopter carrier, operate for a few years then later they will add ramps for short take off after we get the F35 joint strike fighter.