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Singapore Technologies Engineering
Singapore Technologies Engineering

Aerospace & defense / Aerospace and defense engineering

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Singapore Technologies Engineering Ltd. (ST Engineering) is a leading engineering group in Singapore. It was founded in 1967 and is headquartered in Singapore. The company provides innovative engineering solutions and services in the aerospace, electronics, land systems, and marine sectors.
ST Engineering has a global presence with operations in over 100 countries and a workforce of more than 23,000 employees. The company is listed on the Singapore Exchange and is a component of the Straits Times Index.
Business segments
ST Engineering operates through four main business segments:
1. Aerospace: This segment provides aerospace maintenance, repair, and overhaul (MRO) services to commercial and military aircraft operators. Its services include airframe, engine, and component maintenance, as well as aircraft conversion and modification.
2. Electronics: The electronics segment offers advanced electronics systems for the defence, government, and commercial sectors. Its products and services include intelligence, surveillance, and communications systems, as well as solutions for transportation, urban mobility, and energy management.
3. Land Systems: The land systems business provides vehicle platforms, weapons systems, and integrated systems for the defence, homeland security, and commercial markets. It also offers maintenance, training, and logistics support services.
4. Marine: The marine segment designs, builds, and repairs naval and commercial vessels. It also provides ship repair, maintenance, and conversion services.
Key clients and projects
ST Engineering's clients include commercial airlines, government agencies, and military organizations worldwide. Some of its notable projects include the development of Smart Mobility Solutions for Singapore's public transport system, the design and construction of the Republic of Singapore Navy's Littoral Mission Vessels, and the development of Satellite-based Augmentation System (SBAS) for aviation navigation in South East Asia.
Awards and recognition
ST Engineering has received numerous awards and recognition for its products and services. In 2020, the company was ranked in the top 10 of the Forbes World's Best Employers list and was also named as one of the World's Most Admired Companies by Fortune.
In the aerospace sector, ST Engineering was named "Best MRO Organization" at the Asian Aviation Awards 2020 and also received the "Outstanding Contribution to Aerospace" award at the 2020 Singapore Aerospace Awards.
In the defence sector, the company has been recognized for its innovative technologies, including the HALE-D and ARES aerial drones, and its expertise in shipbuilding, such as the design and construction of the Endurance-class Landing Platform Docks for the Republic of Singapore Navy.
Corporate social responsibility
As part of its corporate social responsibility efforts, ST Engineering is committed to sustainability and community engagement. The company is a signatory to the United Nations Global Compact and has adopted sustainable practices such as reducing carbon emissions, managing waste and water resources, and promoting ethical business conduct.
ST Engineering also encourages its employees to volunteer and contribute to the community through its corporate giving programs, such as the STE Seeds of Hope program, which supports underprivileged children in Singapore.
Conclusion
ST Engineering is a leading engineering group in Singapore with a global presence and a diverse portfolio of services in the aerospace, electronics, land systems, and marine sectors. The company's commitment to innovation, sustainability, and community engagement has earned it numerous awards and recognition. With its strong track record and continuous growth, ST Engineering is well-positioned to continue driving innovation and providing solutions to meet the evolving needs of its clients.
What is special about the company?
1. Diversified Portfolio: Singapore Technologies Engineering (ST Engineering) is a conglomerate with a diverse portfolio of businesses, ranging from aerospace and electronics to land systems and marine sectors. This diversity allows the company to weather economic downturns and provides resilience to its overall business.
2. Global Reach: ST Engineering has a global presence, with operations in over 100 countries and territories. This makes it one of the largest defense and engineering companies in Asia, with a strong global footprint.
3. Advanced Technology and Innovation: The company is committed to developing innovative and cutting-edge technologies to meet the evolving needs of its customers. It invests heavily in research and development and has a track record of launching successful products and services.
4. Strategic Partnerships: ST Engineering has formed strategic partnerships with reputable companies and organizations to enhance its capabilities and expand its reach in various markets. This includes collaborations with leading technology companies and partnerships with government agencies.
5. Strong Track Record: With over 50 years of experience, ST Engineering has a proven track record of delivering high-quality products and services to its customers. It has won numerous awards and accolades for its innovative solutions and excellence in engineering.
6. Strong Relationships with Governments: As a major defense contractor and technology provider, ST Engineering has strong relationships with governments around the world. It has a reputation for reliability, honesty, and integrity, which has helped it win contracts and establish long-term partnerships.
7. Commitment to Sustainability: ST Engineering is committed to sustainable and responsible business practices, including environmental management, community engagement, and ethical business conduct. It has been recognized for its efforts in these areas, with numerous sustainability awards.
8. Employee Development and Diversity: The company values its employees, with a focus on developing their skills and providing opportunities for growth. It also promotes diversity and inclusion in its workforce, with employees from over 70 nationalities.
9. Strong Financial Performance: ST Engineering has a solid financial track record, with consistent growth in revenue and profits over the years. It has a strong balance sheet and is well-positioned to weather economic challenges.
10. Strong Corporate Governance: The company has a robust corporate governance framework, with strong oversight from its board of directors and adherence to international best practices. This ensures transparency, accountability, and sound management practices.
What the company's business model?
Singapore Technologies Engineering (ST Engineering) is a leading technology, engineering, and defense company providing innovative products, services, and solutions in the aerospace, electronics, land systems, and marine sectors.
Their business model is focused on four key areas:
1. Diversified Portfolio: ST Engineering has a diversified portfolio of businesses, spanning across various industries, including aerospace, maritime, land systems, and electronics. By diversifying their portfolio, the company is able to mitigate risks and maintain a stable revenue stream.
2. Integrated Solutions: The company offers integrated solutions to their customers by combining their expertise in engineering and technology across different sectors. This approach enables them to deliver efficient and comprehensive solutions that meet their customer's needs.
3. Customer Engagement: ST Engineering has a strong focus on understanding their customer's needs and engaging with them to develop customized solutions. They also maintain long-term relationships with their customers, providing them with after-sales support and services.
4. Research and Development: As a leading technology company, ST Engineering invests heavily in research and development to continuously innovate and develop new products and solutions. This allows them to stay ahead of the competition and meet the changing demands of their clients.
Overall, ST Engineering's business model is built on a foundation of innovation, customer-focus, and diversification, enabling them to remain a trusted and reliable partner in the industries they operate in.
Interesting facts about the company
1. Singapore Technologies Engineering, often abbreviated as ST Engineering, is a multinational engineering and technology conglomerate headquartered in Singapore.
2. The company was founded in 1967 as Chartered Industries of Singapore through the merger of four smaller government-owned engineering companies. It was later renamed Singapore Technologies Engineering in 1997.
3. ST Engineering is listed on the Singapore Exchange and is one of the largest companies on the exchange by market capitalization.
4. The company operates in four main business sectors: Aerospace, Electronics, Land Systems, and Marine.
5. The Aerospace sector provides maintenance, repair, and overhaul services for both commercial and military aircraft. It also manufactures and designs aircraft components and satellite systems.
6. The Electronics sector specializes in the development of advanced electronics and communication systems for both commercial and military use. It also provides cybersecurity solutions and defense systems.
7. The Land Systems sector is involved in the design, development, and production of armored and tactical vehicles. It also provides integrated land systems and logistics services for military and commercial purposes.
8. The Marine sector offers shipbuilding, ship repair, and ship conversion services. It also provides offshore engineering and conversion services for the oil and gas industry.
9. ST Engineering has a global presence, with operations in over 100 countries and a workforce of over 23,000 employees.
10. The company has a strong focus on innovation and invests heavily in research and development. It has multiple research and development centers around the world and collaborates with academic institutions and industry partners to develop cutting-edge technology.
11. ST Engineering has received numerous awards and recognition for its excellence in innovation, corporate governance, and sustainability. It was ranked 82nd on Forbes’ 2020 Global 2000 list of the world’s largest public companies.
12. The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility. It also supports community development and charitable causes through its corporate social responsibility programs.
13. ST Engineering has a diverse portfolio of products and services and has been involved in many high-profile projects, such as the development of the Singapore Rapid Transit System and the design of the world’s largest Floating Liquefied Natural Gas (FLNG) vessel.
14. The company has also expanded into the smart city sector, providing solutions for urban development and management, including intelligent transportation systems, digital infrastructure, and security systems.
15. ST Engineering remains a major player in the global engineering and technology industry, with a strong track record of delivering innovative and sustainable solutions for its clients.
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