Singapore Technologies Engineering

Singapore Technologies Engineering is a leading Aerospace and Defence company with a global presence, operating in over 30 countries, including United States, China, India, and Europe. The company is a subsidiary of Temasek Holdings, a Singapore-based investment company, and is listed on the Singapore Exchange (SGX). With a diverse portfolio of businesses, Singapore Technologies Engineering has established itself as a major player in the global Aerospace and Defence industry, working with prominent companies such as Boeing, Lockheed Martin, and Northrop Grumman. The company has also collaborated with renowned research institutions, including Massachusetts Institute of Technology (MIT) and National University of Singapore (NUS).

● Overview

Singapore Technologies Engineering operates through four main business segments: Aerospace, Electronics, Land systems, and Marine. The company's Aerospace segment provides a range of services, including Maintenance, repair and overhaul (MRO) for Airbus and Boeing aircraft, as well as Engineering and Manufacturing services for Rolls-Royce and Pratt & Whitney engines. The company has also partnered with European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) to ensure compliance with international aviation standards. In addition, Singapore Technologies Engineering has worked with NASA and European Space Agency (ESA) on various space-related projects.

● History

The company was established in 1997 as a subsidiary of Temasek Holdings, with the aim of consolidating the Defence and Aerospace businesses of various Singapore-based companies, including ST Aerospace and ST Electronics. Over the years, the company has undergone significant transformations, including the acquisition of VT Systems in 2001 and CET Technologies in 2005. The company has also established partnerships with prominent companies such as Thales Group, BAE Systems, and General Dynamics. In 2010, Singapore Technologies Engineering was listed on the Singapore Exchange (SGX), marking a significant milestone in the company's history. The company has also collaborated with Defence Science and Technology Agency (DSTA) and Ministry of Defence (Singapore) on various defence-related projects.

● BusinessSegments

The company's four main business segments are: Aerospace, Electronics, Land systems, and Marine. The Aerospace segment provides MRO services for Airbus and Boeing aircraft, as well as Engineering and Manufacturing services for Rolls-Royce and Pratt & Whitney engines. The Electronics segment provides a range of electronic systems and services, including Communication systems for NATO and Satellite systems for Intelsat. The company has also partnered with Cisco Systems and IBM to provide advanced electronic solutions. The Land systems segment provides Armoured vehicles and Weapon systems for Singapore Armed Forces and other international customers, including US Army and British Army. The Marine segment provides Shipbuilding and Ship repair services for Royal Navy and US Navy.

● ProductsandServices

The company offers a wide range of products and services, including Aircraft maintenance and Repair services for Airbus and Boeing aircraft, as well as Electronic systems and Satellite systems for NATO and Intelsat. The company has also developed advanced Cybersecurity solutions in partnership with Symantec and FireEye. In addition, the company provides Training services for Pilots and Maintenance personnel for Singapore Airlines and Qantas. The company has also collaborated with Dassault Aviation and Gulfstream Aerospace on various aircraft-related projects.

● FinancialPerformance

The company has consistently reported strong financial performance, with revenue growth driven by its diverse portfolio of businesses. In 2020, the company reported a revenue of SGD 7.3 billion, with a net profit of SGD 483 million. The company has also maintained a strong balance sheet, with a cash balance of SGD 1.3 billion and a debt-to-equity ratio of 0.5. The company has been recognized for its financial performance, receiving awards from Forbes and Bloomberg.

● CorporateGovernance

The company is led by a strong management team, with Tan Pheng Hock serving as the President and CEO. The company's board of directors includes prominent individuals such as Lee Fook Sun and Koh Cher Siang. The company is committed to maintaining high standards of corporate governance, with a strong emphasis on Risk management and Compliance. The company has also established a Code of conduct and Ethics policy to ensure that all employees operate with integrity and transparency. The company has been recognized for its corporate governance, receiving awards from Singapore Institute of International Affairs and Institute of Internal Auditors.

Category:Companies listed on the Singapore Exchange