UOB Kay Hian is reviewing ST Engineering's most recent contract win from Mindef emphatically.
UOB gauges the resistance contractual worker will deliver no less than 130 units of Next Generation Armored Fighting Vehicle (AFV).
In light of an expected cost of US$4-$5 million ($5.6-7 million) per unit, UOB expects the agreement esteem would be at any rate $800 million.
Under the agreement, ST will likewise give coordinated coordinations bolster, including extras, preparing and documentation.
"Considering preparing and coordinations bolster, the cost could add up to $1 billion. Working edges are assessed to be around 10%," says UOB in its every day Singapore Highlights email.
Conveyance of the AFVs will start in 2019.
Shares of ST Engineering are exchanging 4 pennies higher at $3.67.
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