Stock News: ST Engineering won 165 mln usd contract!

ST Engineering was higher after the company said its US shipyard unit, VT Halter Marine Inc, had won a 165 mln-usd contract modification deal with the US Navy for the Egyptian Navy's fast missile craft (FMC) project. In early afternoon trading, ST Engineering was up 0.05 sgd or 1.67 pct at 3.04, on volume of 945,000 shares. The company said the total value of contracts it has been awarded for work on the FMC project was now about 194 mln usd.