Singapore Technologies Engineering Ltd

S63: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ST Engineering: Defense Outlook Is Strong but Tariffs May Dent Aerospace MRO; Shares Overvalued

Lorraine Tan

May 9, 2025

ST Engineering revealed that first-quarter revenue grew 8% year over year, led by the defense segment's strong 18% sales rise. The company assessed that tariffs may lead to delays in airline clients' scheduled maintenance, repair, and overhaul, or MRO, activities.

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Singapore Technologies Engineering Ltd

ST Engineering: Defense Outlook Is Strong but Tariffs May Dent Aerospace MRO; Shares Overvalued

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