Public | |
Traded as | SGX: S63 |
Industry | Engineering, Defense |
Founded | 1967 (as Chartered Industries of Singapore) |
Headquarters | Singapore |
Key people
|
Vincent Chong (President & CEO) |
Products | Commercial and Military Aerospace Electronics and Infocomm Technologies Naval and Commercial Shipbuilding Defence Land Systems |
Revenue | $6.34 billion SGD (2015) |
$529 million SGD (2015) | |
Owner | Temasek Holdings (50.14%) |
Number of employees
|
23,000 (2016) |
Divisions | VT Systems |
Subsidiaries |
ST Kinetics ST Aerospace ST Marine ST Electronics ST Dynamics |
Website | www.stengg.com |
ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.34b in FY2015, ranks among the largest companies listed on the Singapore Exchange, and is one of Asia’s largest defence and engineering groups. It is a component stock of the FTSE Straits Times Index, MSCI Singapore and the SGX Sustainability Leaders Index. ST Engineering has about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries.
ST Engineering's history began with its precursor, the Chartered Industries of Singapore, which was established in 1967 by the newly-independent Singaporean government as an ammunition manufacturer. Businesses related to aerospace and shipbuilding were later created and put under the ST umbrella. The ST group of companies went commercial in 1990, setting up its first commercial airframe manufacturing, repair and overhaul facilities in Singapore and the United States. ST Engineering was created in December 1997 as a merger of four listed companies: ST Aerospace, ST Electronics, ST Kinetics and ST Marine. Its shares debuted on the Singapore Exchange in 8 December 1997.
Since then, ST Engineering has grown to become one of Asia's largest defence and engineering groups offering integrated and advanced solutions for commercial and defence organisations across multiple industries. In Mar 2007, ST Engineering was ranked 19th in the aerospace & defence industry and 1,661th of 2,000 of the world's largest public companies by Forbes.
ST Engineering is a major player in the defence and military industry. It was ranked number 53 in the 's list of the world's top 100 defence manufacturers in 2015. Outside of Singapore, it has sold defence products to over 100 countries, including United States, United Kingdom, Indonesia, Philippines, United Arab Emirates, Brazil, Sweden, India, Thailand and Finland. ST Engineering has a global network of over 100 subsidiaries and associated companies in 46 cities across 24 countries in the Americas, Asia, Europe and the Middle East.
Its United States headquarters is VT Systems, formerly known as Vision Technologies Systems (VTS), set up in 2001 in Virginia, near Washington, D.C. VTS oversees subsidiaries and affiliates throughout the continental US and in Canada.
China is also an important market for the Singapore Technologies Engineering group, where it has presence in the aerospace, electronics and land systems sectors and plans to further expand its businesses there, including the marine sector. The group's key operations in China comprise an aircraft MRO facility in Shanghai; an IT software development in Shenzhen and R&D centre in Shanghai; automotive maintenance centres in Guangzhou and Hangzhou; and factories in Beijing and Guiyang to produce specialty vehicles for the construction and mining industries. The group also has representative offices in Beijing, Hong Kong, Guangzhou, Shanghai, Shenzhen and Chengdu. The group also has representative offices in India and Kazakhstan.