ST ENGINEERING : S63 0%, through its subsidiary ST Engineering Marine, has won a contract from Singapore’s Ministry of Defence to upgrade the navy’s formidable-class frigates.

The value of the contract was not disclosed by the mainboard-listed company in its statement on Thursday (Dec 14).

The technology and engineering group will undertake the design and engineering of the frigate’s marine and electrical systems’ upgrades, including the ship management system and power generation system.

The works will be done progressively, with the first frigate expected to complete its upgrades from 2028.

“This contract is testament to our naval expertise, demonstrating our competence in extending the operational life of the formidable-class frigates,” said ST Engineering’s president of marine Tan Leong Peng.

Shares of ST Engineering closed S$0.04 or 1.1 per cent higher at S$3.81 on Thursday, before the announcement.

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