Singapore: NMD, ST Marine Pen Contract
NMD has signed a contract with ST Marine in Singapore for the supply of equipment for eight (8) vessels beeing built for the Siingapore Ministry of Defence (MINDEF).
The vessels will be built at ST Marine’s Singapore Benoi Yard and are expected to be delivered from 2016 onwards. The equipment is a stern slip Launch and Recovery System which will deploy and recover crafts from the ship. The system is tailor-made for these vessels and has been developed in close cooperation with ST Marine.
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 $6.38b in FY2012 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 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities.
Press Release, June 7, 2013