ST Engineering’s Q2 contract wins lift order book to $35.7b

The contracts covered aerospace, defence, and urban solutions.

Singapore Technologies Engineering Ltd (ST Engineering) secured $2.9b in new contracts in the second quarter of 2026, taking its order book to $35.7b at end-June.

The contracts comprised $1.2b from Commercial Aerospace, $1.2b from Defence & Public Security, and $500m from Urban Solutions & Satcom.

The group also recognised a $1.7b (US$1.3b) contract awarded to its subsidiary TransCore by the New Jersey Turnpike Authority for E-ZPass services.

Commercial Aerospace’s orders included aircraft maintenance and cabin upgrades, engine services, and component work, whilst its Aerostructures & Systems business secured orders for engine nacelles and composite floor panels.

Defence & Public Security won contracts spanning ammunition, assault rifles, ground-support equipment maintenance, counter-drone systems, public-safety technology, cybersecurity, and naval and military aircraft maintenance.

Urban Solutions & Satcom secured contracts for rail electronics for Singapore’s Thomson-East Coast Line extension, an intelligent transport system for Riyadh’s Second Southern Ring Road, US tolling systems and maintenance, smart security systems, and satellite network projects.

The E-ZPass contract was awarded in September 2024 but was excluded from ST Engineering’s order book whilst a legal challenge by the incumbent service provider was pending.

The award was reaffirmed in April 2025, and work began in May 2025.

The contract includes two one-year extension options worth a further $500m (US$400m), which have not been booked.

ST Engineering said the contracts are not expected to have a material impact on its net tangible assets or earnings per share for the current financial year.

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