Singapore Technologies Engineering (ST Engineering) has secured about $4.7 billion worth of new contracts in the second quarter of 2025.
These contracts comprised $1.5 billion from Commercial Aerospace segment, $1.5 billion from Defence & Public Security segment, and $1.7 billion from Urban Solutions & Satcom segment.
The Commercial Aerospace segment’s contracts include a Maintenance, Repair & Overhaul (MRO) works for a Southeast Asian airline for Boeing 737NG component services, two CFM56-7B engine heavy maintenance agreements with North Asian airlines, a CFM56-5B/7B MRO offload agreement with a major engine OEM and a five-year LEAP-1A engine MRO agreement with Air Cairo.
On the Aerostructures & Systems (A&S) business front, Commercial Aerospace secured several Passenger-to-Freighter (P2F) orders including a multi-aircraft Airbus A330P2F order from Confity Capital Partners. Demand for nacelles and composite floor panels remained steady, supported by increasing new aircraft production
The Defence & Public Security segment was awarded contracts by the Ministry of Defence to deliver a suite of Mine Countermeasure Unmanned Systems for the detection and elimination of underwater mines for the Republic of Singapore Navy, comprising a fleet of unmanned surface vessels and autonomous underwater vehicles, a command & control centre as well as a high-fidelity simulation system for training purposes.
The group’s Land Systems business secured orders for 40mm and 155mm ammunition as well as weapon MRO services, while the Marine business won various ship repair and maintenance contracts for commercial and naval ships. The Defence Aerospace business also secured contracts for the provision of MRO services for international customers including a North African air force.
See also: Marco Polo Marine wins $5 million contract for new dry dock
Meanwhile, the Urban Solutions & Satcom business saw steady demand for its Smart Mobility solutions, winning contracts to provide turnkey rail services for the Taichung MRT Blue Line as well as its platform screen door solution for the Chennai Metro Phase 2 Corridor 4 project and the Xidong Line in New Taipei City.
Its tolling business in the U.S. secured new tolling system maintenance contracts, while its Smart Utilities and Infrastructure business secured integrated smart security management projects for implementation in Singapore. The Satcom business won ground infrastructure contracts from the government, defence and enterprise segments in the U.S., Europe and the Middle East.
Shares in ST Engineering closed 18 cents lower or 2.13% down at $8.27 on July 23.
