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Straits Times
09-05-2025
- Business
- Straits Times
ST Engineering posts 8% rise in Q1 revenue to $2.9 billion as contract wins surge
The board has proposed an interim dividend of four cents a share for Q1, unchanged from the year before. PHOTO: ST ENGINEERING SINGAPORE - ST Engineering's revenue rose 8 per cent to $2.9 billion for the first quarter ended March, from $2.7 billion in the corresponding year-ago period, on the back of broad-based growth across all segments. In a business update on May 9, the group said this was led by 'very strong growth' in its defence and public security segment, with revenue there jumping 18 per cent year on year to $1.3 billion, from $1.1 billion. Revenue from its commercial aerospace division edged up 0.1 per cent to $1.153 billion, while revenue from its urban solutions and satellite communications (satcom) business rose 4 per cent to $446 million. The board has proposed an interim dividend of four cents a share for Q1, unchanged from the year before. The group reported contract wins amounting to $4.4 billion for Q1, bringing its order book to $29.8 billion as at March 31. Some $7.3 billion of these contracts are expected to be delivered in 2025. Its defence and public security unit secured $2.7 billion of jobs in the quarter. These included high-performance graphics processing unit data centre infrastructure, artificial intelligence-enabled command and control systems, training and simulation solutions, and a public camera system for Home Team Science and Technology Agency. Under this segment, there were also international orders for 40 mm and 155 mm ammunition and defence platform electronics, as well as maintenance, repair and overhaul (MRO) contracts for commercial and naval ships. Its commercial aerospace unit won $1.3 billion of jobs, including 15-year Leap-1A MRO contracts with a Middle Eastern and an Asian airline, as well as a three-year Boeing 787 component service agreement with an Asian airline. Its urban solutions and satcom segment picked up contracts worth $500 million in the quarter, including rail electronics solutions for the upcoming Cross Island Line, mobile network upgrades for the Downtown Line, and managed services for car parks in Singapore. The unit also secured satcom ground infrastructure contracts for aviation, maritime, government and defence segments in various regions. Meanwhile, ST Engineering said it is seeing 'strong order momentum' as well as demand for 'higher-value solutions' for smart mobility. It said that it is 'moving up the value chain' as a tier one prime rail contractor in Taiwan. This enables the group to define the work scope and set contractual terms, which translates into higher margins for these projects. The group added that the order book for TransCore, which provides electronic tolling solutions and back-office services in the US, doubled to $3 billion since its acquisition. On the ongoing tariff war, ST Engineering said it sees 'immaterial financial impact' for the group, but continues to monitor the 'evolving situation'. It added that it does not plan to absorb suppliers' tariff costs unless a passthrough of these costs is possible. Noting potential recession and inflation risks, the group said its diverse business portfolio provides resilience to cushion the impact. Shares of ST Engineering closed 1 per cent lower at $7.51 on May 8. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
09-05-2025
- Business
- Business Times
ST Engineering posts 8% rise in Q1 revenue to S$2.9 billion
[SINGAPORE] ST Engineering's revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding year-ago period, on the back of broad-based growth across all segments. In a business update on Friday (May 9), the group said this was led by 'very strong growth' in its defence and public security segment, of which revenue jumped 18 per cent year on year to S$1.3 billion, from S$1.1 billion. Revenue from its commercial aerospace division edged up 0.1 per cent to S$1.153 billion from S$1.152 billion, while revenue from its urban solutions and satellite communications (satcom) business rose 4 per cent to S$446 million from S$429 million. The board has proposed an interim dividend of S$0.04 a share for Q1, unchanged from the year before. The group reported contract wins amounting to S$4.4 billion for Q1, bringing its order book to S$29.8 billion as at Mar 31. Some S$7.3 billion of these contracts are expected to be delivered this year. Its defence and public security unit secured S$2.7 billion of contracts in the quarter. These included high-performance graphics processing unit data centre infrastructure, artificial intelligence-enabled command and control systems, training and simulation solutions, and a public camera system for Home Team Science and Technology Agency. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Under this segment, there were also international orders for 40 mm and 155 mm ammunition and defence platform electronics, as well as maintenance, repair and overhaul (MRO) contracts for commercial and naval ships. Its commercial aerospace unit won S$1.3 billion of contracts, including 15-year Leap-1A MRO contracts with a Middle Eastern and an Asian airline, as well as a three-year Boeing 787 component service agreement with an Asian airline. Its urban solutions and satcom segment picked up contracts worth S$500 million in the quarter, including rail electronics solutions for the upcoming Cross Island Line, mobile network upgrades for the Downtown Line, and managed services for car parks in Singapore. The unit also secured satcom ground infrastructure contracts for aviation, maritime, government and defence segments in various regions. Meanwhile, ST Engineering said it is seeing 'strong order momentum' as well as demand for 'higher-value solutions' for smart mobility. It said that it is 'moving up the value chain' as a tier one prime rail contractor in Taiwan. This enables the group to define the work scope and set contractual terms, and translates into higher margins for these projects. The group added that the order book for TransCore, which provides electronic tolling solutions and back-office services in the US, doubled to S$3 billion since its acquisition. On the ongoing tariff war, ST Engineering said it sees 'immaterial financial impact' for the group, but continues to monitor the 'evolving situation'. It added that it does not plan to absorb suppliers' tariff costs unless a passthrough of these costs is possible. Noting potential recession and inflation risks, the group said its diverse business portfolio provides resilience to cushion the impact. Shares of ST Engineering closed 1 per cent or S$0.08 lower at S$7.51 on Thursday.
South China Morning Post
08-04-2025
- Science
- South China Morning Post
Myanmar earthquake: Singapore deploys cyborg cockroaches in rescue efforts
In a world first, 10 cyborg cockroaches were deployed to help the Singapore search and rescue team following the 7.7-magnitude earthquake in Myanmar on March 28. Advertisement These insect-robot hybrids are essentially Madagascar hissing cockroaches fitted with tiny 'backpacks' containing infrared cameras and sensors to detect human heat signatures, according to The Straits Times newspaper. As these insects are only 6cm (2 inches) long, they can navigate tiny spaces. Electrodes are used to send signals to their nerves and muscles and control their movements. The information they gather is fed into a machine-learning algorithm to look for any signs of life, and then sent to engineers on site wirelessly. They were developed by Singapore's Home Team Science and Technology Agency (HTX), together with Nanyang Technological University and Klass Engineering and Solutions. Advertisement Although they were still in the developmental stage, the disaster in Myanmar spurred HTX to fast-track the prototypes. HTX flew them and four engineers to join the Singapore Civil Defence Force's (SCDF) 80-strong Operation Lionheart, where they were used in some of the worst-hit areas, including Mandalay and the capital Naypyidaw.
Express Tribune
05-04-2025
- Science
- Express Tribune
Singapore tech team uses cyborg cockroaches in Myanmar search efforts
This is the first time in the world such cyborgs have been used in a humanitarian operation. PHOTO: HTX Listen to article In a global first, Singapore has deployed cyborg cockroaches to assist in earthquake rescue efforts in Myanmar following the devastating 7.7-magnitude quake on March 28 that killed over 3,000 people. Ten insect-robot hybrids, developed by Singapore's Home Team Science and Technology Agency (HTX) in collaboration with Nanyang Technological University and Klass Engineering and Solutions, were sent to Myanmar alongside the Singapore Civil Defence Force's (SCDF) 80-member Operation Lionheart team. The cockroaches, fitted with infrared cameras and sensors, were deployed at disaster sites in Naypyitaw and Mandalay, including a collapsed hospital. They are capable of navigating tight spaces under rubble to search for signs of life using remotely controlled electrodes. Engineers said while the cockroaches have not located survivors yet, they have aided in detailed area scans that are difficult for human or canine teams to access. 'This is the first time such insect-hybrid robots are being used in the field,' said Ong Ka Hing from HTX's Robotics Centre. 'Being here is a humbling experience. We've encountered real technical challenges but also seen the urgency of the situation.' HTX's Mr Yap Kian Wee recounted emotional encounters with survivors and family members seeking help. 'A man told me his sibling was trapped in the hospital. It really hit home,' he said. Despite high temperatures, power cuts, and rough terrain, the Singaporean team said they would continue supporting local rescue operations as long as needed. The cockroaches, sustained with carrots and water, remain functional in the field. The Myanmar deployment has fast-tracked testing of the cyborgs, originally scheduled for field use from 2026. Engineers say real-time feedback from the mission will shape future rescue robotics.
