Singapore, 27 October 2014 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm Singapore Technologies Aerospace Ltd (ST Aerospace), through its wholly owned subsidiary ST Aerospace Engineering Pte Ltd (STA Engineering), has injected US$4.87m (S$6.2m) into the capital of its wholly owned subsidiary, ST Aerospace Academy Pte Ltd (STAA). This would bring STA Engineering's total equity investment in STAA to US$12.98m (approximately S$17.6m). 

The capital injection affirms ST Engineering's confidence in the commercial pilot training business and the continued investments to grow its pilot training capacity and capabilities to support the rising demand globally. 

 The capital injection 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 Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of  ST Engineering with a turnover of $2.08b in FY2013. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world's largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and asset management services, including Total Aviation Support. ST Aerospace has a global staff strength of around 8,000 employees worldwide. Please visit www.staero.aero. 

 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 $6.63b in FY2013 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across  24 countries. Please visit  www.stengg.com for more information.  

 Media contacts:         
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1883
Mobile: (65) 9696 5453
Email: linapoa@stengg.com

Belinda Ng
VP, Corporate Communications
ST Aerospace
Tel: (65) 6380 6176
Mobile: (65) 9683 6361
Email:  belindang@stengg.com

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