Singapore Press Holdings (SPH) Business Times dated 8 Oct 2009 reported Singapore Technologies Engineering Ltd (ST Engineering)'s aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace), clinched a multi- million-dollar deal to install a new onboard automatic fire-suppression system (FSS) in planes operated by global logistics giant FedEx Corp. This news is not released on Singapore Exchange and makes me puzzled.
At the end of today's trading day, ST Engineering clarified that ST Aerospace is still in discussion with FedEx and that there is no contract signed. Nothing is yet to be confirmed.
I wonder if SPH did their due homework before publishing any news, especially when the news is sensitive like this.
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