Most recently, Singapore awarded a contract to build the next generation infantry fighting vehicle, estimated by CGS International to be worth between $1 and $2 billion.
Singapore Technologies Engineering has won orders totalling $4.7 billion in the most recent 4QFY2025, bringing total FY2025 orders to $18.7 billion, 49% higher than FY2024's total of $12.6 billion.
The biggest chunk of the new contracts won in 4QFY2025, at $2.5 billion, came from its defence & public security segment.
