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Singapore's ST Engineering wins $107 mln contracts

Fri Nov 7, 2008 12:48am EST

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SINGAPORE, Nov 7 (Reuters) - Defence conglomerate Singapore Technologies Engineering (STEG.SI) said on Friday its electronics unit won two contracts worth S$160 million ($106.7 million) from the Singapore government.

The two contracts involve supplying Singapore's highways and underground trains with communication systems, the firm said in a statement.

Both projects are expected to be completed by 2016 and will not have a material impact on earnings, the company said. (Reporting by Melanie Lee; Editing by Neil Chatterjee)



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