ST Engineering

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Singapore Technologies Engineering
Type Public
Traded as SGX: S63
Industry Aerospace, Defense
Founded 1967 (as Charted Industries of Singapore)
Headquarters Singapore
Key people Seah Lim Huat
(Chairman)
Tan Pheng Hock
(President, Executive Director, CEO)
Products Civil and military aerospace
Defence electronics
Naval and commercial shipbuilding
Land warfare systems
Munitions
Revenue Increase$5.548 Billion SGD (2009)
Operating income Increase$0.547 Billion SGD (2009)
Net income Increase$0.444 Billion SGD (2009)
Total assets $6.89 Billion SGD (2009)
Owner(s) Temasek Holdings(94.4995%)
Employees 21,508 (2011)
Divisions VT Systems
Subsidiaries ST Kinetics
ST Aerospace
ST Marine
ST Electronics
Website www.stengg.com

ST Engineering Ltd (Singapore Technologies Engineering) is an integrated engineering group in the aerospace, electronics, military contracting and marine sectors. Headquartered in Singapore, the group reported revenues of $5.05b in FY2007. With a market capitalisation of about $10b, it ranks among the largest companies listed on the Singapore Exchange. ST Engineering has more than 18,000 employees worldwide, and over 100 subsidiaries and associated companies in 21 countries and 35 cities.[1]

Overview[edit]

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.

ST Engineering was one of the sponsors of the 2006 Shangri-La Dialogue.

In Mar 2007, ST Engineering has been ranked 19th in the aerospace & defence industry and 1661th of 2,000 of the world's largest public companies by Forbes.[2]

As of March 3, 2014, Capital Group Companies has a 5.5166% shares in ST Engineering.[3]

Manufacture of anti-personnel mines[edit]

Originally set up as a weapons supplier for the Singapore Armed Forces, ST Engineering is one of the few companies in the world that still manufactures anti-personnel land mines[4] and has been excluded from the Norway State Pension Fund, the New Zealand Superannuation Fund, and the Netherlands' ABP for the "production of weapons that through their normal use may violate fundamental humanitarian principles".[5]

See also[edit]

References[edit]

  1. ^ "Press Release". ST Engineering. 2008. Retrieved 2008-04-27. 
  2. ^ "The World's 2,000 Largest Public Companies". Forbes. 2007. Retrieved 2008-01-10. 
  3. ^ http://www.stengg.com/investor-relations/shareholding-statistics
  4. ^ [1]
  5. ^ http://www.the-monitor.org/index.php/publications/display?url=lm/2007/singapore.html

External links[edit]