ST Engineering ( (SG:S63) ) has issued an announcement.
ST Engineering has announced a strategic capacity transition plan for its U.S. airframe MRO operations to enhance competitiveness in the global aviation market. The plan involves consolidating operations from its VT Mobile Aerospace Engineering subsidiary in Alabama to other facilities in Florida and Texas, aiming to optimize its network and modernize facilities. This transition will occur over the next few months, with efforts to ensure service continuity and support for affected employees.
More about ST Engineering
ST Engineering is a global technology, defense, and engineering group specializing in the aerospace industry, with a focus on providing Maintenance, Repair, and Overhaul (MRO) services for airframes.
YTD Price Performance: 15.40%
Average Trading Volume: 7,497
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.99B
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