Singapore Technologies Engineering's 1QFY2026 revenue was up 11% y-o-y to $3.26 billion, with "strong" growth across its various segments.
If revenue from LeeBoy, a divested construction machinery unit in the US is excluded, the "rebased" growth would have been 15% y-o-y.
Earnings growth in 1QFY2026, according to the company in this business update, "outperformed" rebased revenue growth.
The company plans to pay an interim dividend of four cents per share for 1QFY2026.
ST Engineering's defence and public security segment, which has been enjoying strong momentum in new orders won, was the largest revenue contributor with an increase of 7% to $1.41 billion.
If LeeBoy was excluded, the jump was 13%. Under this segment, the company is gunning for "opportunities" in contracts such as a contract to build frigates for Thailand.
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Commercial aerospace in the same period was up 15% to $1.32 billion, a record for this period of the year, while the urban solutions and satcom segment was up 18% to $525 million.
The company won $4.8 billion in new orders in 1QFY2026, bringing its total order book to $34.5 billion, a record, with $8 billion worth to be delivered by the end of FY2026.
ST Engineering shares closed at $10.37 on May 15, down 1.43% but up 23.31% year to date.
