ST Kinetics says bids for $3 billion India defence deals

ST Kinetics, an arm of Singapore Technologies Engineering, said it has bid for five Indian defence contracts worth $3 billion.                                          

"If all five defence tenders we have bid for come through, we will have a revenue of $3 billion over five years," Patrick Choy, chief marketing officer of ST Kinetics told reporters.                                         

Singapore Technologies is the world's largest aircraft repair firm.