By Jasmine Ng The Business Times Sunday, Jan 13, 2013

Singapore Technologies Engineering's aerospace arm wrapped up the fourth quarter of last year with new contracts worth about $450 million.

The new contracts - for airframe, component and engine maintenance, as well as engineering and development - are to be carried out at ST Aerospace's global network.

The fourth quarter also saw ST Aerospace redelivered 165 aircraft for airframe maintenance and modification work. For passenger-to-freighter (PTF) conversions, it also redelivered five converted Boeing 757-200 freighters, bringing the total number of PTF redelivery last year to 16.

Besides airframe redeliveries, ST Aerospace processed 9,847 components, 61 landing gears and 78 engines for both commercial and military customers.

In Singapore, it added a narrow-body aircraft hangar at its Changi facility for its airframe maintenance, repair and overhaul (MRO) business.

The new hangar is expected to begin operations by the end of third quarter this year. It will be able to accommodate two narrow-body aircraft such as the Boeing 737 and Airbus A320, contributing an additional 200,000 man-hours every year.

In the US, VT Aerospace (which is a subsidiary of Vision Systems, the US headquarters of ST Engineering) has completed the acquisition of a full stake in Volant Aerospace for US$13.1 million (S$15.9 million).

Volant will be managed as part of the aerospace sector's global MRO network to offer one-stop turnkey cabin retrofit services.

On the cabin refurbishments front, ST Aerospace's brand, Aeria Luxury Interiors, has secured a contract for the interior modification of a Boeing 767-200ER VIP aircraft. The deal covers project management, design, engineering and installation.

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ST Aerospace wins $450m of deals in Q4