ST Aerospace Secures about S$320M Worth of Maintenance Contracts in 4Q2010

On engine capability development, ST Aerospace has successfully completed training at GE’s customer technical education centre in the US, following the appointment as GE-approved On-Wing provider for the GEnX-1B and GEnx-2B engines in January 2009. Equipped with the expertise in the management of the key on-wing activities expected during the engines’ Entry-in-Service maintenance phase, ST Aerospace is ready to support customers on GEnx engines that power Boeing 787 and 747-8 aircraft, with international airworthiness certifications underway.

The 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 Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering. Operating a global MRO network with facilities in the Americas, Asia Pacific and Europe, it is the world’s largest aircraft MRO provider with a global customer base that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and management services, including Total Aviation Support. ST Aerospace has a global staff strength of more than 8,000 engineers and technical specialists. Please visit www.staero.aero