SINGAPORE (Jan 15): ST Engineering announced that its aerospace arm has secured about $450 million worth of new contracts in 4Q18 for services including maintenance and modification for wide-ranging aircraft parts from the airframe to components.

This bring the total worth of new contracts secured in FY18 to $2.06 billion.

During the quarter, a number of new contracts secured were for airframe heavy maintenance checks to service both commercial aircraft and private jets.

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