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Old 19-01-2018, 07:03 PM   #999
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ST Electronics clinches S$742m in contracts for Q4 2017; total new orders for 2017 stand at S$2,24b
Fri, Jan 19, 2018 - 6:44 PM Jacquline Woo

SINGAPORE Technologies Electronics (ST Electronics), the electronics arm of Singapore Technologies Engineering (ST Engineering), has clinched around S$742 million worth of contracts in the fourth quarter of 2017.
This brings total new orders secured in the whole of 2017 to S$2.24 billion, ST Engineering told the Singapore Exchange in a filing on Friday.
The bulk of the latest tranche of deals, at S$498 million, were advanced electronics and information communications technologies (ICT) solutions contracts secured from various local and overseas customers.
This includes a contract worth US$72 million from Israel-based Arad Technologies for a smart sensor network system that will enhance smart cities management in China, Europe, India and the United States; a comprehensive electronics system for Raffles City Chongqing, an eight-tower city complex in China; as well as a communications system deployed in 12 hospitals across Hong Kong.
These projects will be completed progressively till 2022, said ST Engineering.
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