Singapore Technologies Engineering Ltd,

doing business as A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name w ...

ST Engineering, is a Singaporean multinational technology and engineering group in the aerospace, smart city as well as defence and public security sectors. Headquartered in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

, the group reported a revenue of S$7.7 billion in FY2021, ranks among the largest companies listed on the

Singapore Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

, and is one of Asia's largest defence and engineering groups. It is a component stock of FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index. ST Engineering has about 23,000 employees worldwide with two-thirds of its employees in the engineering and technology roles.

History

ST Engineering's history began with its precursor, the Chartered Industries of

, which was established in 1967 by the newly independent Singaporean government as an ammunition manufacturer. Businesses related to aerospace and shipbuilding were later created and put under the ST umbrella. The ST group of companies went commercial in 1990, setting up its first commercial airframe manufacturing, repair and overhaul facilities in Singapore and the United States. ST Engineering was created in December 1997 as a merger of four listed companies: ST Aerospace, ST Electronics, ST Kinetics and ST Marine. Its shares debuted on the

on 8 December 1997. Since then, ST Engineering has grown to become one of Asia's largest defence and engineering groups for commercial and defence organisations across multiple industries. 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.

Areas of business

ST Engineering is a major player in the defence and military industries. It was ranked Number 61 in the

Stockholm International Peace Research Institute Stockholm International Peace Research Institute (SIPRI) is an international institute based in Stockholm. It was founded in 1966 and provides data, analysis and recommendations for armed conflict, military expenditure and arms trade as well a ...

's list of the world's top 100 defence manufacturers in 2021. Outside of Singapore, it has sold defence products to over 100 countries, including United States, United Kingdom, Indonesia, Philippines, United Arab Emirates, Brazil, Sweden, India, Thailand and Finland. ST Engineering do not design, produce or sell anti-personnel mines, cluster munitions, white phosphorus munitions and its related key components. In 2018, the Group harmonised all brands by using "ST Engineering" as a Masterbrand while in 2020, the Group reorganised as Commercial and Defence & Public Security clusters, replacing the sector-structure of Aerospace, Electronics, Land Systems and Marine. ST Engineering's network of subsidiaries and associated companies spans across the Americas, Asia, Europe and the Middle East. ST Engineering expanded to the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

in 2001, locating its U.S. headquarters in

Herndon, Virginia Herndon is a town in Fairfax County, Virginia, in the Washington, D.C. metropolitan area of the United States. The population was 23,292 at the 2010 census. In 2020, the population was estimated to be 24,532, which makes it the largest of three i ...

. It operates in 50 cities across 23 states. It was known as VT Systems (VTS; formerly known as ''Vision Technologies Systems'') until 1 July 2019, when VTS was changed to ST Engineering North America as part of the Group’s brand harmonization exercise in 2018. As of 28 February 2022,

Temasek Holdings Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...

has a 51.69% shares in ST Engineering.

Core capabilities

ST Engineering's businesses span across the

aerospace Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...

, smart city, defence and public security sectors.

Aerospace

ST Engineering Aerospace provides provides nose-to-tail lifecycle solutions including aviation asset management to commercial airlines, airfreight operators and military operators.Corporate profile (ST Engineering)

Singapore Press Holdings Singapore Press Holdings Limited (SPHL) was an organisation with businesses in property and aged care in Singapore. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments. Prior to 1 December 2021, SPHL was i ...

. It is the world's largest airframe

maintenance, repair, and operations The technical meaning of maintenance involves functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, and residential install ...

(MRO) company, and one of the few with in-house engineering design and development capabilities. On top of MRO capabilities, ST Engineering also has expertise as an OEM specialising in engine nacelle and composite panels. It is the only company in the world offering Airbus freighter conversions using OEM data.

Smart City

ST Engineering's technologies and solutions in

Smart City A smart city is a technologically modern urban area that uses different types of electronic methods and sensors to collect specific data. Information gained from that data is used to manage assets, resources and services efficiently; in return ...

addresses the connectivity, mobility, security, infrastructure and environmental needs of cities. Its solutions span over rail and road, autonomous and electric vehicles, mobility payment systems, building access and security systems, as well as

IoT The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other com ...

solutions for lighting, water and energy management. Its Smart City business has a track record of 700 smart city products in over 130 cities worldwide. In March 2022, ST Engineering completed its acquisition of Transcore to enhance its Smart City solutions through TransCore’s market leading end-to-end tolling solutions and congestion pricing businesses.

Defence & Public Security

ST Engineering's defence business provides integrated defence technologies and critical systems spanning the digital, air, land and sea domains. It has over four decades of expertise in the development of military technology and solutions, from aircraft and avionics

Avionics Avionics (a blend word, blend of ''aviation'' and ''electronics'') are the Electronics, electronic systems used on aircraft. Avionic systems include communications, Air navigation, navigation, the display and management of multiple systems, ...

upgrades, to designing and building proven battlefield mobility platforms, soldier systems, ammunition and naval vessels. Its solutions in Public Security cover critical infrastructure, intelligence operations, homeland security applications and maritime system, which have been implemented in more than 100 cities worldwide.

Controversy

In 2014, ST Engineering and its subsidiaries ST Engineering Marine and ST Engineering Aerospace were hit by one of the largest corruption scandals in Singapore history following investigations by the

Corrupt Practices Investigation Bureau The Corrupt Practices Investigation Bureau (CPIB) is a government agency in Singapore under the Prime Minister's Office (PMO). The CPIB has the mandate to investigate into any acts or forms of corruption in the public and private sectors in Sing ...

.Ng Huiwen
Former ST Marine president given short detention order, corruption charges withdrawn

The Straits Times ''The Straits Times'' is an English-language daily broadsheet newspaper based in Singapore and currently owned by SPH Media Trust (previously Singapore Press Holdings). ''The Sunday Times'' is its Sunday edition. The newspaper was established ...

. 5 January 2017.Hussain, Amir
Graft scandal: Ex-ST Marine CEO jailed 10 months, fined

. 3 December 2016. In December 2014, former ST Engineering Marine and ST Engineering Aerospace president, Chang Cheow Teck, was charged with conspiring with two subordinates to offer bribes in return for ship-repair contracts between 2004 and 2010.Huang, Claire
Former president of ST Marine charged, along with two ex-employees
The Business Times. 12 December 2014. The corruption charges were eventually withdrawn and in January 2017, Chang pleaded guilty to "failing to use reasonable diligence in performing his duties" and was given a short detention order of 14 days. Former ST Marine CEO and president See Leong Teck was also charged with seven counts of corruption. In December 2016, See was sentenced to 10 months' jail and a $100,000 fine. Since then, six other former ST Engineering Marine senior executives were implicated in the corruption scandal, including former financial controller and senior vice-president of finance Ong Tek Liam who pleaded guilty to ten out of 118 charges in relating to the falsification of accounts,Chelvan, Venessa Paige
Former ST Marine financial controller pleads guilty in corruption case

Channel NewsAsia CNA (stylised as cna), which is an acronym derived from its previous name, Channel NewsAsia, is a Singaporean multinational news channel owned by the country's national public broadcaster Mediacorp. It broadcasts free-to-air domestically in Sin ...

. 19 February 2016. former senior vice-president Mok Kim Whang who pleaded guilty to 49 out of 826 corruption charges,Leong, Grace
Two ex-ST Marine execs plead guilty to bribery, making false expense claims

. 27 August 2016. ex-chief operating officer Han Yew Kwang who pleaded guilty to 50 out of 407 charges and was sentenced to six months' jail and fined $80,000,Hussain, Amir
Former ST Marine exec in graft scandal gets 6 months' jail, $80k fine

. 31 August 2016. former president of commercial business Tan Mong Seng who faced 445 corruption chargesMalinda, Kyle
Two more former ST Marine senior executives charged for corruption

. 1 July 2015. and was sentenced to 16 weeks' jail, and ex-financial controller Patrick Lee Swee Ching who pled guilty to seven of 38 charges of conspiring with others between 2004 and 2007 to make false entries in petty cash vouchers, and was given the maximum fine of $210,000. In June 2017, Ong Teck Liam was sentenced to a fine of SGD300,000 ($217,200), in default 30 weeks’ imprisonment. Ong was the last to be sentenced.

References

{{DEFAULTSORT:St Engineering 1967 establishments in Singapore Engineering companies of Singapore Government-owned companies of Singapore Multinational companies headquartered in Singapore Temasek Holdings Companies listed on the Singapore Exchange Singaporean brands Singaporean companies established in 1967