The contract value, as with almost all defence orders, was not disclosed by the company, but CGS International (CGSI) analysts Lim Siew Khee and Meghana Kande estimate the quantum to be between $1 and 2 billion, which will help lift the company’s order book, last disclosed at $32.6 billion as of September, to a new record. In total, STE is estimated to have secured contract wins between $19 and 20 billion in FY2025 — the highest level in five years.
Singapore Technologies Engineering (STE) on Feb 27 will report lower earnings in FY2025 ended Dec 31, 2025. Still, several analysts have further raised their target prices for this stock to new levels in tandem with an order book reaching a new record.
The company ended last year with yet another bumper contract in the bag. Announced by the company only on Jan 26, it says it has received orders from Singapore to build and supply an undisclosed quantity of new-generation infantry fighting vehicles, the Terrex s5.
