Singapore Technologies Engineering's first-half net profit is up 27% year-on-year, with operating margin expanding to 10.7% from 9.5% a year ago. Group order book has risen to SGD 35.7 billion.
ST Engineering is a Singaporean government-linked commercial and defense engineering group. Its key businesses include aircraft maintenance, repair, and overhaul services, in which it is the world’s largest independent third-party provider. The company’s fastest-growing activities involve applications to defense and smart city solutions where it provides tolling solutions, traffic control systems, command-and-control dashboards, cybersecurity tools, and other related components. Around two-thirds of the company’s revenue comes from commercial clients, while the remainder is defense.