ST Kinetics Secures S$160 M Contracts

ST Engineering today announced that its land systems arm, ST Kinetics, has secured two four-year contracts from the Singapore Armed Forces (SAF) worth a total of S$160m, for the maintenance of SAF's vehicles and for the preservation of SAF's fleet of equipment respectively, with an option for a two-year extension for the preservation contract. Both contracts run concurrently and will commence immediately. ST Kinetics has been providing dedicated engineering services and performing depot-level maintenance, repair and overhaul of SAF vehicles and their components for more than 15 years under a Strategic Sourcing contract. Similarly, ST Kinetics has been providing, for the last 15 years, preventive and corrective maintenance, and preservation support of a wide range of equipment for the SAF under a series of Vehicle Preservation Services contracts. With years of excellent support and a good understanding of the needs of the SAF, ST Kinetics has constantly been building new capabilities to ensure that it brings value and stays relevant to the changing needs of the SAF. "These two contracts are testimonies of SAF's continued confidence that ST Kinetics is able to meet the stringent requirements of the SAF and ensure the high availability of their mission critical assets. They are an affirmation of the excellent support that we have given them through the years. We will continue to innovate and build more capabilities to meet the evolving needs of the SAF, including through-life support." ~ SEW Chee Jhuen, President, ST Kinetics Apart from the development and manufacturing of innovative land system solutions and specialty vehicles, ST Kinetics provides fully integrated through-life support for its customers in the areas of aftersales support, maintenance, repair, overhaul, upgrade, preservation, life extension, training and supply chain management.

Source: Singapore Technologies Engineering Ltd (SGX: ST Engg)
Date: Nov 10, 2010