DEFENCE & PUBLIC SECURITY WHAT WE ACHIEVED IN 2024 Secured new customers for 40mm and 155mm ammunition Operationalised Gul Yard, a new smart shipyard, and commenced development of our fourth data centre to meet increasing demand Launched a suite of AI-enabled products and solutions that are designed to meet customer needs across defence, digital, cyber and marine segments Our international defence business made significant progress, advancing growth through localisation, in-country operational support and strategic licensing agreements. This approach aligns with growing customer demand for enhanced indigenous military capabilities and resilient supply chains. We also forged new partnerships across key markets, including Europe, the UK and the Middle East, leveraging complementary expertise and technologies to co-create effective solutions that deliver value to customers. To strengthen our global presence, we showcased our advanced capabilities at major defence exhibitions, engaging customers and partners through live demonstrations that highlighted the breadth and depth of our solutions. The Defence & Public Security segment continued to demonstrate robust growth and innovation, delivering contract wins, new solutions, technological advancements and strengthened partnerships across key markets. Amidst a rapidly evolving global security landscape and accelerating digital transformation, our focus remained on delivering superior performance, enhancing operational efficiency and ensuring sustainable value creation for our stakeholders. We continued to contribute actively to the modernisation of Singapore’s defence capabilities, through investments in integrating new technologies such as AI, 5G and strengthening our engineering capabilities to offer best-in-class solutions. Our international defence business expanded its footprint in key markets, capitalising on emerging opportunities to secure new contracts, while enhancing product offerings and strengthening partnerships within the global defence ecosystem. OPERATING REVIEW AND OUTLOOK 32 ST ENGINEERING | ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy ODIwNTc=