ST Engineering books 4.8 billion Singapore dollars of new contracts in 1Q2026

SGX Filings
Yesterday

Singapore Technologies Engineering Ltd (S63) said it secured 4.8 billion Singapore dollars in new contracts for the first quarter of 2026.

The company reported that its Commercial Aerospace division won about 1.7 billion Singapore dollars, including multi-year maintenance, repair and overhaul agreements covering airframes, engines and components. Notable deals include airframe heavy-maintenance renewals for an American airline’s Airbus fleet, Boeing airframe work for an air-freight operator, and engine support for Xiamen Airlines’ CFM LEAP-1A powerplants. The unit also landed freighter-conversion orders for two Airbus A330-300s from Hengqin Winglet Aircraft Technology and Asia Pacific Aviation Leasing Group.

Defence & Public Security logged roughly 2.4 billion Singapore dollars of contracts. Highlights were a 315 million-euro (about 470 million Singapore dollars) multi-year MRO contract for the Qatar Emiri Land Forces and a six-year, 600 million Singapore dollars sub-contract from Abu Dhabi Ship Building to supply platform systems for eight missile gunboats ordered by the Kuwait Naval Force. Additional wins covered ammunition orders, AI-enabled command-and-control systems, cybersecurity solutions and continued C-130 MRO work.

Urban Solutions & Satcom recorded around 700 million Singapore dollars in new business. The segment’s awards included rail electronics projects in Singapore and Taiwan, U.S. tolling-system contracts, smart-utilities solutions for Singapore’s national water agency PUB, and ground-segment deals for satellite operators in Asia and Europe.

ST Engineering said the contracts are not expected to have a material impact on net tangible assets per share or earnings per share for the current financial year.

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