ST Engineering secures $1.5b worth of new contracts for Q1

ST Engineering has more pending international projects in commercial aerospace, satellite communications and defence.

ST Engineering's order book remaines robust, the firm said in its latest bourse disclosure.

Standing at $15.7b, it is higher than pre-COVID-levels, with $4.6b expected for delivery in 2021.

It has also bagged $1.55b worth of new contracts in the first quarter, spread across its commercial aerospace, urban solutions & satellite communications, and defence & public security sectors.

Leading the firm's recovery are domestic travel and air cargo businesses.

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