ST Engineering achieves $8.3b 9M revenue with defence and aerospace gains

Its revenue increased by 14% YoY.

ST Engineering's revenue rose 14% YoY to $8.3b in the first nine months of 2024 (9M24), fueled by growth in its Defence & Public Security (DPS) and Commercial Aerospace (CA) segments.

In 9M, DPS' revenue rose 18% YoY to $3.6m, whilst CA reported a 16% YoY higher revenue of $3.3m.

The Urban Solutions & Satcom segment also achieved revenue growth, albeit smaller than others, with a 0.3% YoY increase to $1.4b.

The company also attributed its revenue growth to new contracts, which amounted to $8.3b in the first nine months.

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