ST Engineering Secures $4.3 Billion in Contracts, Expands Market Reach

An announcement from ST Engineering ( (SG:S63) ) is now available.

ST Engineering announced securing $4.3 billion in contracts in the fourth quarter of 2024. The Commercial Aerospace segment accounted for $1.8 billion, bolstered by robust demand for Maintenance, Repair & Overhaul services and aerostructure solutions. In the Defense & Public Security segment, the company achieved a significant international contract with Kazakhstan Paramount Engineering for an amphibious armored vehicle, marking its entry into the Central Asian market. These wins demonstrate ST Engineering’s strong market position and its strategic market expansion efforts.

More about ST Engineering

ST Engineering is a global technology, defense, and engineering group in Singapore. The company operates in various segments, including Commercial Aerospace, Defense & Public Security, and Urban Solutions & Satcom, focusing on providing innovative solutions and services in these industries.

YTD Price Performance: -2.14%

Average Trading Volume: 7,740

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $11.14B

For an in-depth examination of S63 stock, go to TipRanks’ Stock Analysis page.