February 6, 2018 / 9:46 AM / 3 months ago

BRIEF-Singapore Technologies Engineering's Electronics Arm Signs Agreement To Jointly Invest In JV Co

Feb 6 (Reuters) - Singapore Technologies Engineering Ltd :

* SINGAPORE TECHNOLOGIES ELECTRONICS SIGNS AGREEMENT WITH SATIXFY UK LTD THROUGH UNIT TO JOINTLY INVEST IN JV CO

* SETUP OF JV CO NOT EXPECTED TO HAVE MATERIAL IMPACT ON EPS OF ST ENGINEERING FOR CURRENT FY

* ‍ST ELECTRONICS’ PLANNED INVESTMENT OF US$20 MILLION IS FOR A 49% STAKE IN JV CO​

* ‍JVCO TO DEVELOP SATELLITE ANTENNA SYSTEM TO DELIVER ENHANCED IN-FLIGHT CONNECTIVITY FOR COMMERCIAL AVIATION​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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