Within the commercial aerospace segment, revenue increased 22% y-o-y to $674 million due to the gradual opening of borders, strong demand for passenger to freighter (PTF) aircraft, healthy orders for nacelles and a gradual recovery in the demand for maintenance, repair and overhaul (MRO) works.
Singapore Technologies Engineering (ST Engineering) has reported revenue of $2.0 billion for the 1QFY2022 ended March, 13% higher than the revenue of $1.8 billion in the same period the year before.
The higher revenue was led by revenue growth across the group’s three segments, commercial aerospace, urban solutions & satcom and defence & public security.
