...Singapore Technologies Electronics Limited (ST Electronics), has won about S$166m worth of contracts for its Rail Electronics and Satellite Communications (SATCOM) and Sensor solutions in 3Q2012. On Rail Electronics solutions, a consortium led by ST Electronics, was awarded a RMB198m (about S$39m) contract in the city of Wuxi, China.

Partnering Jiangsu Daway Technologies Co., Ltd., ST Electronics will supply, deliver, install, test and commission as well as provide warranty for an Integrated Supervisory Control System for Wuxi Metro Lines 1 and 2. Work has started and will be completed by the end of 2014. ST Electronics also secured about S$114m worth of contracts for the supply of SATCOM systems to mostly international customers in 3Q2012. These contracts are for the supply of SATCOM network infrastructure and products including satellite hubs and routers, Earth stations, cellular backhaul solutions and the Agilis VSAT (Very Small Aperture Terminal) systems. These contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.