Singapore, 20 May 2015 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that Vision Technologies Aerospace Incorporated (VT Aerospace) has injected US$2.06m (approximately S$2.72m) and US$995,000 (approximately S$1.31m) into the capital of its wholly owned subsidiaries, Aviation Academy of America, Inc (AAA) and VT Aviation Services, Inc (VTAS) respectively. This would bring VT Aerospace’s total investments in AAA and VTAS to US$2.86m (approximately S$3.78m) and US$996,000 (approximately S$1.32m) respectively.

Vision Technologies Systems, Inc has also injected US$3.05m (approximately S$4.03m) into the capital of VT Aerospace, as funding of the capital injection into AAA and VTAS.

Marketed as part of ST Aerospace’s global network, AAA works in tandem with ST Aerospace’s commercial pilot training academy, to offer an integrated suite of pilot training services to customers around the world.

These capital injections are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.