Floating Button
Home News Stocks To Watch

Our 2026 picks: ST Engineering — New products and contracts drive share price to a new high

The Edge Singapore
The Edge Singapore  • 4 min read
Our 2026 picks: ST Engineering — New products and contracts drive share price to a new high
Besides selling weapons, ST Engineering is actively marketing commercial products such as the AGIL Secure FastPass security clearance system / Photo: ST Engineering
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

A recent headline describing the Terrex contract announced by Singapore Technologies Engineering (ST Engineering) as a “win” prompted some readers of The Edge Singapore to take issue. Evidently, they are of the view that “win” is the wrong adjective, given how there is no competition for many of its contracts to begin with, as it is almost the “exclusive contractor” for the Singapore government.

The perception is not without grounds. For decades, ST Engineering, in one form or another, has been the key defence and security contractor deemed essential to Singapore’s functioning as an independent country.

There are, of course, counterarguments to this point. For example, in 2023, the Colt Infantry Automatic Rifle 6940, under Czech company Colt CZ Group, was chosen by the army to replace the Ultimax 100, in use for some four decades, as the new section assault weapon. Presumably, ST Engineering offered an upgraded variant, but it was not chosen.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.