Its commercial aerospace segment generated "good" y-o-y revenue growth as well, 16% higher y-o-y in 9MFY2024, reaching $3.3 billion.
Singapore Technologies Engineering says it has increased its revenue by 14% y-o-y to $8.3 billion for its 9MFY2024 ended Sept 30.
The jump was led by "significant" 3QFY2024 growth in its defence and public sector segment. In the 9MFY2024, this market segment recorded 18% y-o-y higher revenue, reaching $3.6 billion, says the company in its 3QFY2024 business update.
