ST Engineering scores big with 8-vessel Singapore Navy contract win

Delivery set for 2016 onwards.

Singapore Technologies Engineering Ltd (ST Engineering) announced in a release that the Group has been awarded a contract by the Ministry of Defence (MINDEF) for the design and build of eight new vessels.

The Group’s marine arm, Singapore Technologies Marine Ltd (ST Marine) will build the eight vessels at its Singapore Benoi Yard. Singapore Technologies Electronics Limited (ST Electronics), the Group’s electronics arm, will supply the core combat systems and combat system integration solutions.

ST Marine will carry out the platform system integration as the lead system integrator. Design of the vessels will commence immediately and the delivery of these vessels is expected to be from 2016 onwards. The new vessels will replace the Republic of Singapore Navy’s existing Fearless-class Patrol Vessels, indigenously designed and built by ST Marine in the 1990s.

ST Engineering said that because the company is under contractual obligation to observe confidentiality in respect of the contract, it is unable to disclose any further details.

The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

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