ST Engineering contract wins surge 49% to hit record $18.7b

A $4.7b fourth quarter surge redefined the firm's order book.

Singapore Technologies Engineering Ltd. (ST Engineering) reported $4.7b in new contracts in Q4 2025, bringing its total full year contract values to $18.7b, up 49% from 2024.

The defence and public security segment reported about $2.5b in contracts, including orders for next-generation infantry fighting vehicles for the Singapore Ministry of Defence and ammunition contracts with overseas customers, according to a filing to the Singapore Exchange (SGX).

The commercial aerospace unit secured around $1.7b in contracts, mainly for maintenance, repair and overhaul (MRO) services, including multi-year nacelle maintenance deals for Boeing 787 aircraft with carriers in Europe and North America.

The urban solutions and satcom segment contributed about $500m, ST Engineering said.

Key projects include the supply of 250 electric buses to the Singapore Land Transport Authority, rail electronics work at Changi Airport Terminal 2, and tolling and satellite ground system contracts in the United States, Asia and Europe.

Overall transaction volume remained steady, with demand for engineering, technical support, and infrastructure services across the group’s core businesses.

ST Engineering said the new contracts are not expected to materially affect net tangible assets or earnings per share in the current financial year.

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