Author: Brenda Marie Rivers|| Date Published: January 7, 2020
ST Engineering has dissolved its VT Systems International subsidiary and consolidated business operations in the U.S.
The defense and engineering company said Monday it merged VT Land Systems — which held the Hackney, LeeBoy and Aethon brands — to ST Engineering North America.
ST Engineering NA was the result of a rebranding effort in June last year.
Additionally, the government division of the North American arm took over VT Marine operations, which included a shipbuilding business in Pascagoula, Miss.
The Singapore-based company does not expect the dissolution and merger efforts to have a "material impact" on its earnings and net tangible assets per share for the current financial year.
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