ST Engineering $200m Contract
Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a contract in a basket of currencies amounting to about S$200m, to design and build a 141m Landing Platform Dock (LPD), two 23m Landing Craft Mechanised (LCM) and two 13m Landing Craft Vehicle and Personnel (LCVP), for a navy in the Asia Pacific region.
Construction is scheduled to begin in mid 2009 and delivery is planned for in 2H 2012. This contract 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.
(www.stengg.com)