Wednesday, October 12, 2011

ST Engrg

ST Engrg: US Subsi VT Miltope has teamed up with General Dynamics C4 Systems for a military production programme with potential to earn up to US$250m fo VT Miltope alone. It will produce 3 types of rugged products, which are a handheld unit, PDA and notebook.

Aerospace arm has unveiled its new engine MRO facility in Xiamen, China. The US$78m (about $101m) facility has a capacity to support up to 300 engines annually. It will initially provide MRO and total support for the series of engines that power narrow-body aircraft such as Boeing 737 and the Airbus A320 family of aircraft.

ST Engrg has a fwd P/E of 16.1x with trailing div yield of 5.2%

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