SIA Engineering Co (SG:S59) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
SIA Engineering Company has expanded its service agreement with Scoot to include maintenance for Scoot’s new Embraer E190-E2 fleet, potentially bringing in $52 million in revenue over 58 months starting April 2024. The agreement, which also includes an option to extend for an additional 24 months, is not anticipated to materially affect SIAEC’s financials for the year. SIAEC, a leading MRO service provider in Asia-Pacific, supports a wide network of clients and has regulatory approvals from multiple national aviation authorities.
For further insights into SG:S59 stock, check out TipRanks’ Stock Analysis page.