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ST Engineering Streamlines Its Aircraft Interior Business In The US

Singapore, 7 December 2015 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has streamlined its businesses in San Antonio, US in a move to strengthen the Group’s aircraft interior engineering capability and improve operational efficiency. 

As a result of this initiative, VT DRB Aviation Consultants, Inc. a subsidiary of Vision Technologies Aerospace Incorporated (VT Aerospace), was merged into VT San Antonio Aerospace, Inc. Subsequent to the merger, VT San Antonio Aerospace, Inc., also a subsidiary of VT Aerospace, is the surviving entity.  VT Aerospace is a subsidiary of Vision Technologies Systems, Inc., the US headquarters of ST Engineering.

Business continues seamlessly as VT DRB Aviation Consultants’ operations will be managed by the same leadership team and remains committed to supporting customers on engineering and Organisation Designation Authorisation related services, as an integral division of VT San Antonio Aerospace. 

The above development is 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 with a revenue of $2.07b in FY2014.  Operating a global MRO network with facilities and affiliates in theAmericas, Asia Pacific andEurope, it is the world’s largest commercial airframe 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 asset management services, including Total Aviation Support.  ST Aerospace has a global staff strength of around 8,000 employees worldwide.  Please visit www.staero.aero.

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.54b in FY2014 and ranks among the largest companies listed on the Singapore Exchange.  It is a component stock of the FTSE Straits Times Index and MSCI Singapore. ST Engineering has about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries.  Please visit www.stengg.com for more information.

Media Contacts:
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel:      (65) 6722 1883
Email:  linapoa@stengg.com

Belinda Ng
VP, Corporate Communications
ST Aerospace
Tel:      (65) 6380 6176
Email:  belindang@stengg.com

Hunter Rawley
Senior Associate, Corporate Communications
VT Systems
Tel:      (1) 703 739 2610
Email:  hrawley@vt-systems.com

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