Commercial aerospace revenue inched up by 0.1% y-o-y to $1.15 billion due to the high base in 1QFY2024, which saw a 32% y-o-y surge in revenue. This year, strong engine maintenance, repair and operations (MRO) growth was offset mainly by lower passenger-to-freighter (PTF) revenue.
Singapore Technologies Engineering (ST Engineering) has reported a total revenue of $2.9 billion for the 1QFY2025 ended March 31, 8% higher y-o-y.
Defence and public security revenue surged by 18% y-o-y to $1.32 billion as it saw growth across all sub-segments, supported by project timing.
