Singapore Technologies Engineering Ltd (ST Engineering) refers to its earlier announcements made on 13 September 2018 and 29 March 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”).

Further to the Announcements, ST Engineering wishes to update that it has received clearance from the Committee on Foreign Investment in the United States (CFIUS). With this receipt of clearance from CFIUS, ST Engineering has obtained all applicable regulatory approvals. Subject to the remaining conditions to completion of the Proposed Acquisition being satisfied or waived pursuant to the Agreement at closing, the Proposed Acquisition is expected to close in the week beginning April 15, 2019.