ST Engineering

Re: ST Engineering

Postby winston » Fri Jan 21, 2011 8:40 am

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Singapore Technologies Engineering may be in focus after it said on Thursday its aerospace arm secured S$320 million ($249.4 million) worth of maintenance contracts in the fourth quarter of 2010.


Source: Reuters
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Re: ST Engineering

Postby winston » Tue Feb 15, 2011 7:24 pm

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ST Engg FY2010 net profit up 11% By TEH SHI NING

Singapore Technologies Engineering (ST Engg) has posted an 11 per cent increase in net profit to S$491 million for the full year ended Dec 31, 2010.

The group also reported turnover of S$5.98 billion for the year, 8 per cent up from the previous financial year.

The board has proposed a final dividend of 11.55 cents per share - made up of an ordinary divdend of 4 cents and a special dividend of 7.55 cents.

Source: Business Times
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Re: ST Engineering

Postby winston » Sat Mar 19, 2011 9:09 pm

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ST Engineering says customer cancels $141 mln shipbuilding deal

SINGAPORE, March 19 (Reuters) - Singapore Technologies Engineering , a defence contractor and aircraft maintenance firm, said on Saturday a customer has terminated a shipbuilding contract worth S$179 million ($141 million).

Louis Dreyfus Armateurs (LDA) in its notice alleged that there is a delay in the delivery of the vessel and that even if the vessel is tendered for delivery there will be deficiency in the deadweight capacity, ST Engineering said in a statement.

If the cancellation of the deal to build a roll-on/roll-off passenger ferry for LDA is valid, ST Engineering's ST Marine unit will have to repay S$129 million in milestone payments received so far plus interest.

The unit may also be liable for damages capped at 10 percent of the contract price. ST Marine has referred the matter to its legal advisers, the statement said.

http://www.reuters.com/article/2011/03/ ... 5820110319
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Re: ST Engineering

Postby winston » Fri Mar 25, 2011 8:48 am

Not vested. Are there any more similar cases ?

ST Engineering may be in focus after it said Louis Dreyfus Armateurs (LDA) had asked the Singapore firm's marine arm, ST Marine, to refund around S$129 million ($102.3 million) plus interest following LDA's second termination notice of a shipbuilding contract for a passenger ferry.


Source: Reuters
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Re: ST Engineering

Postby winston » Thu May 12, 2011 8:08 am

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ST Engineering, the world's largest aircraft maintenance firm, said on Wednesday its first quarter net profit rose 20 percent from a year ago, helped by higher profits at its aviation and electronics arms.

Source: Reuters
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Re: ST Engineering

Postby winston » Tue Jun 14, 2011 8:49 am

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Singapore Technologies Engineering said its unit ST Marine had received a letter of claim from Louis Dreyfus Armateurs demanding S$4.8 million in liquidated damages and 33.03 million euros in unliquidated damages.

ST Engineering said ST Marine is disputing the claims, which arose from an alleged breach of a 2007 shipbuilding contract worth around S$179 million ($144.8 million).


Source: Reuters
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Re: ST Engineering

Postby winston » Wed Aug 03, 2011 8:35 am

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SINGAPORE TECHNOLOGIES ENGINEERING - Aircraft repair firm Singapore Technologies Engineering said on Tuesday its second quarter net profit rose 5 percent, helped by higher earnings from its aerospace and marine businesses.

Source: Reuters
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Re: ST Engineering

Postby winston » Wed Oct 12, 2011 8:35 am

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ST Engineering's aerospace arm and Xiamen Aviation Industry Co. said their joint venture company has unveiled a $78 million new engine maintenance, repair and overhaul facility in Xiamen, China

Source: Reuters
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Re: ST Engineering

Postby winston » Wed Feb 15, 2012 11:47 am

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Singapore Technologies Engineering's aerospace arm ST Aerospace said it has been awarded a contract worth $15 million a year to support Korean low fare airline Eastar Jet's engines over 10 years.


Source: Reuters
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Re: ST Engineering

Postby winston » Fri Feb 24, 2012 12:08 pm

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Singapore Technologies Engineering posted a 7.4 percent rise in its full year net profit to S$527.5 million, and had a
record high order book of S$12.3 billion.

Barring unforeseen circumstances, the company said it expects to achieve higher revenue and profit before taxes this year.

Source: Reuters
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