Thursday, October 4, 2012

ST Engineering unit wins $166m in contracts

ST Engineering announced its electronics division, ST Electronics, has won about $166 million worth of contracts for its Rail Electronics and Satellite Communications (Satcom) and Sensor solutions in 3Q2012.

On Rail Electronics solutions, a consortium led by ST Electronics was awarded a RMB198 million ($39 million) contract in the city of Wuxi, China. Partnering Jiangsu Daway Technologies Co., ST Electronics will supply, deliver, install, test and commission as well as provide warranty for an Integrated Supervisory Control System for Wuxi Metro Lines 1 and 2. Work has started and will be completed by the end of 2014.

ST Electronics was also awarded a contract by VGI Global Media to supply half height platform screen doors for the BTS SkyTrain in Bangkok, Thailand. The $13 million contract includes two-year maintenance services of the doors, which will be installed in nine BTS Skytrain stations. Work has commenced and is expected to be completed at the end of 2013.

Separately on Satcom and Sensor solutions, ST Electronics secured about $114 million worth of contracts for the supply of Satcom systems to mostly international customers in 3Q2012. These contracts are for the supply of Satcom network infrastructure and products including Satellite hubs and routers, earth stations, cellular backhaul solutions and the Agilis VSAT (Very Small Aperture Terminal) systems.

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