Singapore Technologies Engineering Ltd (ST Engineering) refers to its earlier announcements made on 13 September 2018, 29 March 2019 and 14 April 2019 (collectively, “Announcements”) in relation to the proposed acquisition by its US subsidiary, Vision Technologies Aerospace Incorporated, of a 100% ownership in MRA Systems, LLC (MRAS) (the “Proposed Acquisition”).

On 18 April 2019, the Proposed Acquisition was completed at a net consideration of about US$506m (approximately S$683m) in cash, subject to post-completion adjustments for debt-like items and working capital.