ST Engineering bags contracts worth $1.6b in Q1

Over half or $838m were clinched by its aerospace sector.

Singapore Technologies Engineering (ST Engineering) received new contracts worth about $1.6b in Q1 2020, according to a news release. These are on top of a defence contract that its land systems arm secured.

The group’s aerospace sector secured about $838m across its aviation manufacturing and maintenance, repair and operations (MRO) businesses. These contracts include those previously announced in February during Singapore Airshow 2020.

Meanwhile, its electronics sector clinched about $730m worth of contracts for products and solutions in smart mobility, cybersecurity, data analytics as well as training and simulation.

Further, the group’s land systems arm secured a Phase 2 contract for the production and supply of the Hunter Armoured Fighting Vehicle from the Ministry of Defence. ST Engineering will also provide integrated logistics support, including spares, training and documentation.

Due to the pandemic, ST Engineering said that they are in discussion with their customers to adjust delivery schedules or to address order cancellations, but assured that its order book in Q1 remains robust.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia