ST Aerospace

In the latest 2QFY2023, ST Engineering added $4.7 billion worth of orders, bringing the total orderbook to a record S$27.7 billion

Singapore Technologies Engineering (ST Engineering) has announced the appointment of Lim Ser Ghee as their new Chief Operating Officer, and Jeffery Lam as their new President (Aerospace).

While aviation is likely to cause ST Engineering to experience weakened earnings going forward, stable defence earnings and robust balance sheets will likely see dividend remain constant.

SINGAPORE (July 25): Technology, defence and engineering conglomerate Singapore Technologies Engineering announced Thursday that its Aerospace and Electronics businesses have secured new contracts worth a total of $1.5 billion in 2Q19.

SINGAPORE (Apr 22): ST Engineering announced that its Aerospace and Electronics sectors have won new contracts with a combined value of $2.1 billion for 1Q19.

SINGAPORE (Jan 15): ST Engineering announced that its aerospace arm has secured about $450 million worth of new contracts in 4Q18 for services including maintenance and modification for wide-ranging aircraft parts from the airframe to components.

SINGAPORE (Apr 11): ST Engineering announced Wednesday that its aerospace arm, ST Aerospace, has secured new contracts worth about $510 million in the first quarter of 2018.

SINGAPORE (Feb 9): Aircraft maintenance, repair and overhaul (MRO) players such as ST Engineering’s subsidiary ST Aerospace and SIA Engineering Co are expected to see less MRO work ahead.

SINGAPORE (Jan 18): CIMB is maintaining its “add” recommendation on ST Engineering with a target price of $3.85.

SINGAPORE (Jan 8): ST Aerospace, the aerospace arm of ST Engineering, has pumped another US$1.47 million ($2 million) into 50% owned Total Engine Asset Management (TEAM).