Aerospace and Defense
Company Overview of Singapore Technologies Engineering Ltd
Singapore Technologies Engineering Ltd, an investment holding company, provides engineering and related services worldwide. It operates through four segments: Aerospace, Electronics, Land Systems, and Marine. The Aerospace segment provides maintenance and engineering services, such as airframe, engine, and component maintenance, repair, and overhaul services; engineering design and technical services; and aviation materials and management services, including total aviation support. The Electronics segment designs, develops, and integrates electronics and communications systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications t...
ST Engineering Hub
1 Ang Mo Kio Electronics Park Road, No. 07-01
Founded in 1997
Key Executives for Singapore Technologies Engineering Ltd
Chief Executive Officer, President, Executive Director, Member of Budget & Finance Committee, Member of Senior Human Resource Committee, Member of Business Investment & Divestment Committee, Member of Risk Review Committee and Member of Research, Development & Technology Committee
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.
Singapore Technologies Engineering Ltd Key Developments
Singapore Technologies Engineering Ltd Appoints Lim Sim Seng as an Independent Non-Executive Director with Effect from 15 May 2015
May 14 15
Singapore Technologies Engineering Ltd. announced the appointment of Mr. Lim Sim Seng as an independent non-executive Director of the company with effect from 15 May 2015. Mr. Lim, 56, is currently the Country Head, DBS Singapore and Chairman of DBS Vickers Securities Holdings Pte Ltd.
ST Engineering Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the First Half and Full Year 2015
May 13 15
ST Engineering reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of SGD 1,511,390,000 against SGD 1,551,755,000 a year ago. Profit from operations was SGD 110,065,000 against SGD 133,471,000 a year ago. Earnings before interest and tax were SGD 110.1 million, lower by 18% compared with the first quarter last year. Other income was SGD 20.8 million in first quarter this year compared with SGD 17.4 million the same quarter last year, due mainly to higher receipt from Wage Credit Scheme. Profit before tax was SGD 150.519 million against SGD 167.873 million a year ago. Net profit, at SGD 130 million, was 5% lower than last year. In terms of EBIT, the group is reporting lower EBIT by 18% compared with the same quarter last year. Earnings per share were 4.17 cents down from 4.41 cents previously. Profit attributable to shareholders of the company was SGD 129,971,000 against SGD 137,223,000 a year ago. Net cash from operating activities was SGD 303,601,000 against SGD 116,744,000 a year ago. Purchase of property, plant and equipment was SGD 47,449,000 against SGD 60,188,000 a year ago. Acquisition of other intangible assets was SGD 11,963,000 against SGD 12,162,000 a year ago.
For first half 2015, so barring unforeseen circumstances, the group expects the first half 2015 revenue to be comparable to first half last year, while PBT is expected to be lower when compared to the first half of last year.
The group expects full year 2015 revenue and PBT to be comparable to that of full year 2014.
Singapore Technologies Engineering, Ltd.'s Aerospace Division Wins New Contracts Worth SGD 298 Million
Apr 28 15
Singapore Technologies Engineering Ltd. has announced that its aerospace division has won new contracts worth SGD 298 million, which involve projects ranging from aircraft maintenance and cabin interior modification, to engine wash and pilot training. Included in the first quarter of 2015 contracts is a five-year Maintenance-By-the-Hour (MBH) agreement signed with an existing Asia-based airline customer, operating a fleet of Boeing 737NG aircraft. Under the agreement, ST Aerospace will provide MBH support services for nine 737NG aircraft, covering component repairs, consignment of spares, as well as access to its inventory pool of rotables worldwide. This new contract adds to the current MBH contract signed in 2010, for the support of the airline's ten 737NG aircraft. Additionally, a contract was sealed with an international airline for heavy maintenance of six Boeing 767 and 777 aircraft. The first aircraft was inducted in March 2015, with project completion of the entire fleet scheduled for mid 2015. In Guangzhou, its airframe maintenance facility has inducted the first Airbus A320 aircraft from an Asian low-cost airline for heavy maintenance. There will be a total of 21 A320 aircraft undergoing a series of C-checks throughout the year in its Guangzhou facility. In the US, an agreement was signed with a US-based leasing company for the aircraft interior modification of two 737 aircraft. On pilot training, its flight training academy in Singapore has signed a five-year agreement with a Middle Eastern customer for a Multi-crew Pilot License programme. The first batch of 11 cadets will commence training in June 2015. During the quarter, ST Aerospace won two other 737NG landing gear overhaul and exchange contracts for airline operators in Asia. In the US, the first part-out has been accomplished on a McDonnell Douglas MD-11 aircraft, for a European aircraft leasing company. Based in Singapore, ST Aerospace Aircraft Seats will be responsible for the end-to-end design and manufacturing of a series of economy, business and first class aircraft seating solutions. On pilot training capabilities, its US flight training academy is now operational as a FAA Part 141 certified institution, to conduct commercial pilot training programmes in Hondo, Texas for both local and international students.
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