SINGAPORE (Nov 18): ST Engineering sees its aerospace arm’s acquisition of US-based nacelle manufacturer Middle River Aerostructure Systems (MRAS) as a key step in its move to go upstream in the aerospace value chain.

ST Engineering Aerospace has a formidable reputation as a maintenance, repair and overhaul (MRO) player, but as competition in the market stiffens, it is trying to gain a foothold in the original equipment manufacturer (OEM) space.

With the acquisition, which was completed in April, ST Engineering Aerospace is now able to provide services ranging from design and engineering to manufacturing.

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