The Singapore Technologies Engineering (ST Engineering) group is a government-linked entity specialising in the aerospace, electronics, land systems and marine sectors.[1] Created in December 1997, ST Engineering is an amalgamation of four listed companies: ST Aerospace, ST Electronics, ST Kinetics and ST Marine. Following the announcement of the merger of the four companies on 28 August 1997, ST Engineering shares made its debut on the Stock Exchange of Singapore on 8 December that year.[2]
ST Aerospace is the world's largest company dealing in third-party independent aviation maintenance, repair and overhaul services.[3] It supports a range of aircraft, engines and related components through its international network of aviation hubs. ST Electronics specialises in the design and delivery of electronics system solutions. ST Kinetics is a supplier of specialty vehicles and defence products and services. ST Marine provides shipbuilding, repair and conversion services for vessels.[4]
ST Engineering is a major player in the defence and military sectors. Outside of Singapore, its clientele includes the armed forces of the Philippines, the United States, the United Kingdom, Botswana, New Zealand, Sweden, India, Thailand, Finland, Kazakhstan and Kuwait.[5]
ST Engineering employs over 22,000 staff working in more than 100 subsidiaries and joint-venture companies located in 41 cities across 23 countries.[6] The group posted a net profit of S$576.2 million for the financial year ending 31 December 2012.[7] Its largest shareholder is Temasek Holdings, which holds a 50.5 percent stake as at 25 February 2013.[8]
References
1. Dun and Bradstreet, Inc. (2013). Singapore Technologies Engineering Ltd. Retrieved September 18, 2013, from Proquest Hoover's Company Profiles.
2. Home-grown firm in forward march. (1998, February 24). The Straits Times, p. 12; STE to be part of benchmark STII when listed on Monday. (1997, December 4). The Straits Times, p. 75; Tan, T. (1997, December 8). ST Engg looks set to post first-day premium of 10%. The Straits Times, p. 61. Retrieved from NewspaperSG.
3. Singapore Technologies Engineering: ST engineering's aerospace arm secures $540m worth of new contracts in 1Q2012. (2012, May 2). Singapore Government News; Singapore Technologies Engineering: ST engineering's aerospace arm liquidates Singapore British engineering. (2012, September 19). Singapore Government News. Retrieved September 25, 2013, from Proquest Central.
4. Singapore Technologies Engineering Ltd. (2013). Our Business. Retrieved September 25, 2013, from ST Engineering website: http://www.stengg.com/our-business; Singapore: ST engineering s land systems arm injects additional capital into its subsidiaries. (2013, August 28). MENA Report. Retrieved September 25, 2013, from ProQuest Central.
5. Minnick, W. (2011, June 20). Singapore's global player. Defense News. Retrieved September 25, 2013, from ProQuest Central; Singapore Technologies Engineering. (2013). Our Business: Defence. Retrieved September 25, 2013, from ST Engineering website: http://www.stengg.com/our-business/defence/index; Singapore Technologies Engineering. (2013). Investor relations: FAQ and US ADR disclaimer. Retrieved September 25, 2013, from ST Engineering website: http://www.stengg.com/printpreview/investor-relations/faq-and-us-adr-disclaimer#group5
6. Singapore Technologies Engineering Ltd (2013). About Us: Overview. Retrieved September 25, 2013, from ST Engineering website: http://www.stengg.com/about-us/overview
7. Singapore Technologies Engineering Ltd. (2013). Press Releases: ST Engineering’s net profit grew 9% in FY2012. Retrieved September 25, 2013, from ST Engineering website: http://www.stengg.com/press-centre/press-releases/st-engineerings-net-profit-grew-9-in-fy2012
8. Singapore Technologies Engineering, 2013, Investor relations: FAQ and US ADR disclaimer.
The information in this article is valid as at 2014 and correct as far as we are able to ascertain from our sources. It is not intended to be an exhaustive or complete history of the subject. Please contact the Library for further reading materials on the topic.