ST Marine Wins S$200M Asian Order for LPD Ship

ST Marine Wins S$200M Asian Order for LPD Ship (NSI News Source Info) Singapore - November 12, 2008: Singapore Technologies Engineering Ltd (ST Engineering) today announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured a contract in a basket of currencies amounting to about S$200m, to design and build a 141 meter Landing Platform Dock (LPD), two 23m Landing Craft Mechanised (LCM) and two 13m Landing Craft Vehicle and Personnel (LCVP), for a navy in the Asia Pacific region. Construction is scheduled to begin in mid 2009 and delivery is planned for in 2H 2012. 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 Marine is very honoured to be selected amongst renowned international yards and is proud that its proprietary design is successful beyond our shores." ~ CHANG Cheow Teck, President, ST Marine ST Marine, the marine arm of ST Engineering, provides turnkey building, repair and conversion services for a wide spectrum of naval and commercial vessels. In shipbuilding, it has the proven capabilities to provide turnkey solutions from concept definition to detailed design, construction, on-board system installation and integration, testing, commissioning to through-life support. 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 revenue of $5.05 bn in FY2007.