ST Engineering Annual Report 2022

Expanding our international defence footprint remains a strategic focus area... a critical platform for pre-hospital emergency care stakeholders like SCDF and hospitals' emergency departments by providing patient information to medical practitioners for timely decisions, thus improving the chances of patient survival. LAND SYSTEMS Expanding our international defence footprint remains a strategic focus area. We identified international opportunities that are compatible with our flagship platforms and solutions, including the Bronco All Terrain Tracked Carrier and its commercial variant ExtremV that is designed for Humanitarian Assistance and Disaster Relief (HADR) missions. We made inroads in the HADR segment, working through distributors in Mexico and Peru, and are exploring other South American markets. In addition, we maintained our strong momentum in the sales of our 40mm munitions, with orders by new and repeat customers from Asia, Europe and the Middle East. While the Oshkosh Cold-Weather All-Terrain Vehicle, which is based on our Bronco family of vehicles, completed trials in Alaska in early 2022, it did not progress further in the bid. We continued to pursue other opportunities and avenues that will enable us to expand our global presence. These include teaming and joint venture agreements to augment our capabilities as well as supporting in-country operations through licensing or technology transfer. In July, we signed three agreements with the Saudi Arabian Military Industries for the provision of supplies and services of various defence equipment and capabilities as well as technical support and training. Our U.S. specialty vehicles companies continued to secure new orders as the U.S. economy recovered postCOVID-19, but the industry faces new challenges, including inflationary pressures on material cost and supply chain delays. As part of our smart manufacturing efforts, we launched the Land Systems Manufacturing Simulation Centre which utilises model-based manufacturing, to create a virtual twin environment for process validation and planning before production. By using modelling and simulation technologies, we optimise the process, improve production quality and shorten time-to-market. This digital driven approach strengthens our engineering capabilities, increases agility to respond to customers’ requirements and allows for scalability. In tandem with the ongoing digitalisation of our manufacturing processes, we also upskilled our employees to equip them with relevant skills for the everprogressive tech and engineering industry. More than 200 engineers and technicians will undergo the Factory Integrated Technology Workforce Upskilling Programmes that we will jointly develop with Temasek Polytechnic, as part of a larger three-year roadmap that covers engineering, operations, MRO, supply chain and facility management. MARINE After an internal strategic review, we divested our U.S. Marine businesses, comprising VT Halter Marine and ST Engineering Halter Marine and Offshore. The Marine business in Singapore, however, remains an important and core segment to the Group, along with Defence Aerospace, Digital Systems & Cyber, Land Systems and is unaffected by the divestment. Our shipbuilding business in Singapore continued to do well. We delivered the last pair of the 5th Generation PT Class (5GPT) patrol boats to the Police Coast Guard (PCG), Singapore Police Force. In June, the PCG commissioned 16 5GPT patrol boats. Based on our Super Swift series of fast patrol boat, the 5GPT patrol boat is the latest generation of patrol boats operated by the PCG. They are capable of high speed operations and swift manoeuvrability, including pursuit and arrest, surveillance and force protection, harbour patrol and security, as well as search and rescue. CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 47

RkJQdWJsaXNoZXIy NjMyNDM=