ST Engineering today announced that its aerospace arm, ST Aerospace, has been awarded two maintenance contracts for six years by the Republic of Singapore Air Force (RSAF) for a total value of $363 million. Work for both contracts will start immediately.

ST Aerospace’s support of the RSAF covers a broad spectrum of RSAF’s fleet of aircraft. ST Aerospace has a broad range of capabilities covering aircraft, engines and component maintenance, engineering development and materials support.

These contracts are 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.