ST Engineering

Singapore Technologies Engineering Ltd
Public
Traded as SGX: S63
Industry Engineering, Defense
Founded 1967 (as Chartered Industries of Singapore)
Headquarters Singapore
Key people
 Vincent Chong
(President & CEO)[1]
Products Commercial and Military Aerospace
Electronics and Infocomm Technologies
Naval and Commercial Shipbuilding
Defence
Land Systems
Revenue Increase$6.34 Billion SGD (2015)
Increase$529 Million SGD (2015)
Owner Temasek Holdings(94.4995%)
Number of employees
 23,000 (2016)
Divisions VT Systems
Subsidiaries ST Kinetics
ST Aerospace
ST Marine
ST Electronics
ST Dynamics
Website www.stengg.com

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.34b in FY2015 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore and the SGX Sustainability Leaders Index. ST Engineering has about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries.[2]

Overview

ST Engineering is one of Asia's largest defence and engineering groups offering integrated and advanced solutions for commercial and defence organisations across multiple industries. ST Engineering has a global network of over 100 subsidiaries and associated companies in 46 cities across 24 countries in the Americas, Asia, Europe and the Middle East.[2]

Its United States headquarters is VT Systems, formerly known as Vision Technologies Systems (VTS), set up in 2001 in Virginia, near Washington, D.C. VTS oversees subsidiaries and affiliates throughout the continental US and in Canada.

China is also an important market for the Singapore Technologies Engineering group, where it has presence in the aerospace, electronics and land systems sectors and plans to further expand its businesses there, including the marine sector. The group's key operations in China comprise an aircraft MRO facility in Shanghai; an IT software development in Shenzhen and R&D centre in Shanghai; automotive maintenance centres in Guangzhou and Hangzhou; and factories in Beijing and Guiyang to produce specialty vehicles for the construction and mining industries. The group also has representative offices in Beijing, Hong Kong, Guangzhou, Shanghai, Shenzhen and Chengdu. The group also has representative offices in India and Kazakhstan.

In Mar 2007, ST Engineering was ranked 19th in the aerospace & defence industry and 1,661th of 2,000 of the world's largest public companies by Forbes.[3]

As of March 3, 2014, Capital Group Companies has a 5.5166% shares in ST Engineering.[4]

Manufacture of anti-personnel mines

Originally set up as a weapons supplier for the Singapore Armed Forces, ST Engineering was one of the few companies in the world that continued to manufacture anti-personnel land mines[5] and has been excluded from the Norway State Pension Fund, the New Zealand Superannuation Fund, and the Netherlands' ABP for the "production of weapons that through their normal use may violate fundamental humanitarian principles".[6]

As of 2015, ST Engineering is no longer in the business of designing, producing and selling of anti-personnel mines and cluster munitions or any related key components.

See also

References

  1. ↑ "ST ENGINEERING CEO TAN PHENG HOCK STEPS DOWN". Retrieved 15 September 2016.
  2. 1 2 "ST Engineering Ltd". Singapore Technologies Engineering Ltd. Retrieved 2016-11-10.
  3. ↑ "The World's 2,000 Largest Public Companies". Forbes. 2007. Retrieved 2008-01-10.
  4. ↑ http://www.stengg.com/investor-relations/shareholding-statistics
  5. ↑
  6. ↑ http://www.the-monitor.org/index.php/publications/display?url=lm/2007/singapore.html
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