ST Engineering's rail electronics deals hit S$65m

Thanks to MRT projects in 3 areas.

According to OCBC, ST Engineering (STE) announced that its electronics arm, ST Electronics, has secured about S$151m of contracts.

This is in line with the firm's expectations. The contracts include S$65m in the rail electronics market with projects for mass rapid transit (MRT) projects in Malaysia, Taiwan and North America.

"S$78m in contracts was secured under the satcom and sensor business segment and S$8m was under smart utilities solutions," OCBC said.

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