Archive News in Year 2009

July 2009

ST Electronics Awarded Training Contract
By The Republic Of Singapore Navy

Singapore, 1 July 2009 — ST Electronics has won a contract worth an estimated S$20m from The Republic of Singapore Navy (RSN) to provide education cum training services and a training ship. In addition, ST Electronics will provide RSN with the use of a vessel for navigation and seamanship training at sea. The three-year contract commences immediately with an option for another three years thereafter. The contract is signed with ST Education & Training, a wholly-owned subsidiary of ST Electronics.

Under this Integrated Training Workforce (ITWF) contract, ST Electronics’ instructors will fulfil some of the RSN’s training needs.  These include instructional services, curriculum development and subject matter expert consultancy.  The subjects will cover a wide variety of professional topics spanning warfare, navigation, weaponry, communications, under-water systems, electronics, damage control and power generation.  Also included are professional topics such as Bridge Resource Management, Safety and Quality Improvement.  The training will be conducted for officers, officer cadets and all levels of warrant officers, specialists and full-time National Servicemen.

This contract reinforces the strategic partnership between ST Electronics and the RSN. With ST Electronics’ role in training its personnel, the Navy can more ably channel its resources towards its operational tasks.

SEAH Moon Ming
President, ST Electronics

ST Electronics has been a strategic training partner of the RSN since 2002, when the ITWF was formed by a group of qualified and experienced ex-RSN instructors to work in the Navy’s schools, training institutes and onboard RSN ships. RSN training requirements are stringent and demand specialisation. This training concept allows the RSN to retain and benefit from experience and knowledge within the institutions.

ST Electronics has been providing simulation systems and training services to its defence and commercial customers for over 20 years.  It has supplied various training systems to the defence sector and provided a ship handling simulator for training Navy personnel.  Its customers include the Singapore Police Coast Guard, the Indian Coast Guard and the Royal Brunei Navy. 

The award of this contract 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.

ST Education & Training (STET), a subsidiary of ST Electronics (Training & Simulation Systems) Pte Ltd, specialises in maritime education, training and consultancy and homeland security consulting and engineering services, and is a strategic partner of the Republic of Singapore Navy. Since 2003, STET has developed capabilities in security consulting to become the largest provider of Maritime Security Services in the region. With its conscious effort to further enhance its security consulting capabilities, STET has established a Homeland Security Unit to provide a full range of services covering all aspects of security consulting to include physical security and aviation security.  ST Electronics (Training & Simulation Systems), a wholly-owned subsidiary of ST Electronics, develops, manufactures and markets advanced computer graphic software and solutions for simulation, animation, games and edutainment applications.

ST Electronics (Singapore Technologies Electronics Limited), the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide.  With presence in more than 30 cities in 20 countries, ST Electronics markets its solutions to more than 74 countries internationally.  It specialises in the design, development and integration of advanced electronics and communications systems, such as broadband radio frequency and satellite communication, e-Government solutions, information communications technologies and IT, rail and traffic management, real-time command and control, modelling and simulation, interactive digital media, intelligent building management and information security. Please visit www.stee.stengg.com.

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors.  Headquartered in Singapore, the Group reported revenue of $5.34b in FY2008 and ranks among the largest companies listed on the Singapore Exchange.  ST Engineering has more than 19,000 employees worldwide, and over 100 subsidiaries and associated companies in 24 countries and 42 cities.  Please visit www.stengg.com.

Media contact:

Magdalen Loh
AVP / Head, Corporate Communications
Singapore Technologies Electronics Limited
Tel: (65) 6413 1788 / 9822 3321
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com