ST Electronics Wins US$56M Worth of Contracts in Satellite Comms

Photo courtesy of ST Engineering.

Singapore-based company ST Engineering announced yesterday that its subsidiary, ST Electronics, has won US$56 million (SG$79 million) worth of contracts in the satellite communications sector.

The pool of contracts comes from various government, telecom and enterprise users in Singapore and around the world. Most of them are centred on projects related to broadband network, satellite network equipment and earth stations, and will be completed over the next three years.

Among the contracts is a partnership with Collecte Localisation Satellites (CLS), a subsidiary of French space agency CNES, which uses space-based solutions to aid in environmental sustainability. The partnership will enable CLS to utilize ST Electronics’ commercial earth observation satellite, TeLEOS-1, to improve its range of offerings in the area of maritime security. Under this arrangement, ST Electronics will provide CLS with satellite imagery obtained from its Near-Equatorial Orbit satellite.

ST Electronics has not released details of its other contracts, although it confirmed the development of its second earth observation satellite, TeLEOS-2. The announcement was first made earlier this year, when ST Electronics mentioned that TeLEOS-2 will be jointly developed with Singapore’s Defence Science & Technology Agency (DSTA), the procurement arm of the country’s Ministry of Defence.

In addition to the US$56 million worth of space-related contracts, ST Electronics has signed agreements to provide Rail Electronics & Intelligent Transportation and Advanced Electronics & Information Communications Technologies (ICT) solutions to various parties, including the government of Sri Lanka and Taipei Rapid Transit Corporation. All the contracts won in the first quarter of 2017 total US$332 million (SG$464 million).

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