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ST Engineering's Aerospace Arm De-registers Panama Subsidiary

Singapore, 18 May 2015 – Singapore Technologies Engineering Ltd (ST Engineering)’s aerospace arm Singapore Technologies Aerospace Ltd today announced that it has de-registered its wholly-owned dormant subsidiary ST Aerospace Panama Inc.

Incorporated in the Republic of Panama in 2006, ST Aerospace Panama was established as an aircraft maintenance, repair and overhaul facility. The company has remained dormant since late 2012 upon completion of all maintenance contracts, and the return of its leased facility to the Government of Panama.

The de-registration of ST Aerospace Panama 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 the Americas, Asia Pacific and Europe, 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, FTSE ASEAN 40 Index, MSCI Singapore and other indices. 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
Mobile: (65) 9696 5453
Email:  linapoa@stengg.com

Belinda Ng
VP, Corporate Communications
ST Aerospace
Tel:      (65) 6380 6176
Mobile: (65) 9683 6361
Email:  belindang@stengg.com

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