Singapore, 23 July 2025 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that the Group secured about $4.7b worth of new contracts in the second quarter of 2025. These comprised $1.5b from Commercial Aerospace segment, $1.5b from Defence & Public Security segment and $1.7b from Urban Solutions & Satcom segment.
Steady Order Momentum for Commercial Aerospace
Commercial Aerospace clinched about $1.5b in new contracts across its Maintenance, Repair & Overhaul (MRO) and Aerostructures & Systems (A&S) businesses. New MRO contracts included a Boeing 737NG component services agreement with a Southeast Asian airline, 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 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.
New Wins for Defence and Digital Business
Defence & Public Security won about $1.5b worth of new contracts across its Digital Systems, Cyber, Land Systems, Marine and Defence Aerospace businesses. The Digital Systems business 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.
Its Digital Business comprising AI, Cloud and Cyber secured contracts for its suite of digital solutions including the implementation of a high-performance GPU infrastructure and data centre services, training & simulation as well as the development and integration of AI-enabled command & control systems. New orders for cyber solutions include advanced encryption products and the provision of cloud-based managed security services, and a cyber range for a customer in Asia.
The 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.
Robust Orders for Smart City Business
Urban Solutions & Satcom secured contracts worth about $1.7b across its business lines. The Urban Solutions business continued to see 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, including a contract with solutions by stc in Saudi Arabia to upgrade and expand its ground network to advance satellite communication services across the country.
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.
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