ST Engineering Secures $5.6b in New Contracts for 3Q2026

ST Engineering Secures $5.6b in New Contracts for 3Q2026

Singapore, 27 October 2026 - Singapore Technologies Engineering Ltd (ST Engineering) secured S$5.6b in new contracts for the third quarter of 2026, bringing total contract wins for the nine months of 2026 to S$13.2b[1]. The strong third quarter was driven by broad-base wins across all three business segments, with Commercial Aerospace securing S$1.4b, Defence & Public Security S$1.8b and Urban Solutions & Satcom S$2.4b in new contracts.

Commercial Aerospace
Commercial Aerospace secured S$1.4b in new orders across its Maintenance, Repair & Overhaul (MRO) and Aerostructures & Systems (A&S) businesses, supported by sustained demand for its aerospace lifecycle solutions.

Highlights included its first Airbus A220 airframe heavy maintenance contract with an Asia-Pacific operator, expanding its support capabilities for next-generation narrowbody platforms beyond the Airbus A320neo and Boeing 737 MAX.

The MRO business also secured airframe maintenance agreements with Asia Pacific airline customers, an exclusive two-year CFM56-7B engines Performance Restoration Shop Visit services agreement with Hebei Airlines and a multi-year component MRO agreement with Collins Aerospace.

Demand for A&S was supported by strong demand for engine nacelles and composite floor panels.

Defence & Public Security
Defence & Public Security secured S$1.8b in new contracts, underpinned by a strong demand for its defence systems, mission-critical digital solutions and cybersecurity offerings.

Highlights included a five-year contract for Land Systems to supply 40mm ammunition to the UK Ministry of Defence, alongside additional ammunition orders from international customers.

Digital Systems also won projects for its data centre services, public safety digital infrastructure and defence command-and-control systems. A satellite ground station and maintenance programme was also secured in Sweden.

In cybersecurity, it secured contracts for new products, services and solutions from defence and commercial customers in Singapore.

Its Marine and Defence Aerospace businesses in Singapore expanded MRO support for the United States Naval Ship fleet and international C-130 operators.

Urban Solutions & Satcom
Urban Solutions & Satcom secured S$2.4b in new orders, reflecting robust demand for its rail, electronic road tolling, smart infrastructure and satcom solutions across global markets.

The Urban Solutions business secured major rail projects, including turnkey rail services contracts for the Taoyuan MRT Brown Line and the Taoyuan MRT Green Line Extension in Taiwan, a platform screen door contract for Bangkok’s BTS Green Line, and communications system and rail electronics projects in Singapore.

Its electronic road tolling business also won contracts to advance Dubai's tolling system, modernise tolling infrastructure for the Tampa-Hillsborough Expressway Authority, and deliver back-office solutions and RFID tags in the U.S.

In Singapore, its Smart Utilities and Infrastructure business secured contracts to provide integrated smart security management solutions for public and private sector customers.

The Satcom business secured various contracts for the deployments of its multi-orbit ‘Intuition’ platform including one with Datacom and expanded mission-critical government and defence networks. It also supported satellite operator modernisation programmes across Europe, Africa, the Middle East and Asia.

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.

Notes: 
[1] The S$1.7b NJTA contract is excluded from total contract wins for 9M2026 but included in the Group's order book.

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