Singapore Technologies Engineering has won orders totalling $4.7 billion in the most recent 4QFY2025, bringing total FY2025 orders to $18.7 billion, 49% higher than FY2024's total of $12.6 billion.
The biggest chunk of the new contracts won in 4QFY2025, at $2.5 billion, came from its defence & public security segment.
Most recently, Singapore awarded a contract to build the next generation infantry fighting vehicle, estimated by CGS International to be worth between $1 and $2 billion.
ST Engineering won additional overseas orders for 40mm and 120mm ammunition from international customers.
The commercial aerospace segment won $1.7 billion in new orders, including a five-year nacelle MRO agreement to support the LOT Polish Airlines’ Boeing 787 fleet and the Boeing 787 fleet of another European airline.
Lastly, the urban solutions & satcom segment added $0.5 billion to its order book, with notable contracts such as rail electronics solutions for the Singapore Changi Airport Terminal 2 Skytrain and to supply the Singapore Land Transport Authority with 250 electric buses. It won new tolling systems and upgrades orders in the US too.
See also: ISOTeam wins contracts worth $26.6 mil, total order book reaches $176.2 mil
For example, it won a six-year US$146 million contract for the RiverLink Tolling System.
These contracts are 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.
The company will report its FY2025 on Feb 27.
ST Engineering shares closed at $9.44 on Jan 27, up 0.43% for the day and up 96.26% in the past year.
