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Latest NewsMarch 2007ST Engineering’s Electronics Arm Secures $16.9M MINDEF Contract To Supply Thermal Weapon Sights Singapore, 26 March 2007 — Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics), has been awarded a $16.9m contract by the Ministry of Defence (MINDEF) for the supply of lightweight thermal weapon sights to the Singapore Armed Forces (SAF). The contract was awarded through ST Electronics’ subsidiary, STELOP Pte Ltd. The project will start immediately and be completed in 2009. This contract award is 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. The thermal weapon sights will be mounted onto general purpose machine guns, enabling the gunners to detect and engage targets at long range, day or night, as well as under adverse weather and harsh operational environmental conditions, e.g. through battlefield smoke. The lightweight thermal weapon sight serves to enhance the night-fighting capabilities of the SAF by extending the night observation and engagement range of its crew-served weapons.
STELOP had also been awarded a contract in June 2006 to provide and install electro optic payloads on Police Coast Guard patrol vessels. ST Electronics has been providing systems, solutions and support for the local defence and homeland security sector and implemented a number of homeland security solutions over the years. These include a Harbour Craft Transponder System for the Maritime Port Authority (MPA) used for the identification and monitoring of all licensed harbour and pleasure craft by MPA and security agencies. Together with the Ministry of Transport, ST Electronics will also develop an information network system to support communications and information exchange among the 16 participating governments of ReCAAP (Regional Cooperation Agreement On Combating Piracy And Armed Robbery Against Ships In Asia) to fight piracy and robbery at sea in the Straits of Malacca and Singapore. STELOP is a subsidiary and the electro-optics (EO) arm of ST Electronics. STELOP is a joint-venture between ST Electronics (50.05%) and Electro Optics International B.V. (49.95%). It was established in 1994 and has become a leading EO application solutions provider in the local and regional markets. STELOP’s technical capabilities in EO technologies are used in applications such as target acquisition and tracking, weapon fire control, search and rescue, key installation protection, and homeland security and defence. With a wide spectrum of design and engineering capabilities, STELOP integrates, manufactures, maintains and provides comprehensive EO solutions and systems. Please visit www.stelop.com ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide. It specialises in the design, development and integration of advanced electronics systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications technologies, rail and traffic management, realtime command & control, training and simulation, intelligent building management, and information security and mobile commerce solutions. Please visit www.stee.stengg.com. ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of $4.49b in FY2006. With a market capitalisation in the region of $10b, it ranks among the largest companies listed on the Singapore Exchange. ST Engineering has about 17,000 employees worldwide, and over 100 subsidiaries in 20 countries and 35 cities. Please visit www.stengg.com. Media contact:Magdalen Loh
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Our capabilities in electro-optics and thermal imaging solutions play a vital part in enhancing some SAF systems. With our experience in providing, supporting and servicing our systems and solutions for the SAF, ST Electronics will continue to be a long term partner of the SAF as it evolves as a 3rd Generation defence force.
SEAH Moon Ming
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