ST Engineering won $540m worth of new contracts in 1Q

ST Engineering said its aerospace arm ST Aerospace has secured about $540 million worth of new contracts in the first quarter of 2012.

These contracts are for aircraft maintenance and modification, component total support, and engine total support businesses will be carried out at its global maintenance, repair and overhaul (MRO) network.

For passenger-to-freighter (PTF) conversions, ST Aerospace secured a 15 Boeing 757-200 PTF order.

Between January and March, ST Aerospace redelivered 90 aircraft for airframe related maintenance and modification work. For PTF conversions, it redelivered three Boeing 757-200 converted freighters to FedEx Express. Besides airframe redeliveries, ST Aerospace serviced 51 engines and 15,720 components for both commercial and military customers.