On March 27, ST Engineering announced that the Ministry of Defence had tasked the company to help build a fleet of six warships. As per normal practice, neither ST Engineering nor the government would disclose the value of such contracts.
For years, Singapore Technologies Engineering (ST Engineering) (SGX:S63
) — which started as an arms contractor for the Singapore military — has been actively growing its commercial business across the world for a more diversified revenue base.
Yet, it is this long-time customer back home who will, now and then, help lift the company’s earnings with yet another big contract.
