The commercial aerospace segment saw revenue grow by 25% y-o-y to $2.18 billion thanks to the recovery in the aviation sector. While it has yet to fully recover to the levels pre-Covid-19, the segment saw strong nacelle and maintenance, repair and overhaul (MRO) demand, as well as passenger to freighter (PTF) demand during the nine-month period.
Singapore Technologies Engineering (ST Engineering) has reported revenue of $2.2 billion for the 3QFY2022 ended Sept 30, 22.2% higher than the revenue of $1.8 billion in the corresponding quarter before.
For the 9MFY2022, ST Engineering’s revenue increased by 19% y-o-y to $6.51 billion as all segments registered revenue growths.
