ST Engineering

Summary

Singapore Technologies Engineering Ltd
FormerlyChartered Industries of Singapore
TypePublic
SGX: S63
IndustryEngineering, Defence, ICT, Datacenters and System Integration
Founded27 January 1967; 54 years ago (1967-01-27)
HeadquartersSingapore
Key people
Vincent Chong[1]
(President & CEO)[2]
ProductsCommercial and Military Aerospace
Electronics and Infocomm Technologies
Naval and Commercial Shipbuilding
Defence
Land Systems
RevenueIncreaseS$7.86 billion (2019)
IncreaseS$592.67 million (2019)
OwnerTemasek Holdings (50.15%)
Number of employees
23,000 (2016)
Subsidiaries
Websitewww.stengg.com

Singapore Technologies Engineering Ltd, doing business as ST Engineering, is a vertically integrated engineering group in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the aroup reported a revenue of S$7.86 billion in FY2019, ranks among the largest companies listed on the Singapore Exchange, and is one of Asia's largest defence and engineering groups. 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.[3]

History

ST Engineering's history began with its precursor, the Chartered Industries of Singapore, 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 Singapore Exchange on 8 December 1997.[4][5]

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.[6] 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.[7]

Areas of business

ST Engineering is a major player in the defence and military industries. It was ranked Number 53 in the Stockholm International Peace Research Institute's list of the world's top 100 defence manufacturers in 2015.[8] Outside of Singapore, it has sold defence products to over 100 countries,[9] including United States, United Kingdom, Indonesia, Philippines, United Arab Emirates, Brazil, Sweden, India, Thailand and Finland.[10] ST Engineering has a network of over 100 subsidiaries and associated companies in 46 cities spanning 24 countries in the Americas, Asia, Europe and the Middle East.[3]

ST Engineering expanded to the United States in 2001, locating its U.S. headquarters in Herndon, Virginia. It oversees subsidiaries and affiliates throughout the continental US and in Canada. It was known as VT Systems (VTS; formerly known as Vision Technologies Systems) until 1 July 2019, when VTS was disbanded to streamline company operations.[11]

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.

As of 3 March 2014, Capital Group Companies has a 5.5166% shares in ST Engineering.[12]

Core capabilities

ST Engineering offers numerous services and products through its four strategic business areas in land systems, aerospace, marine transport and electronics.[13]

ST Engineering Land Systems

ST Engineering Land Systems handles land systems and specialty vehicles such as the Agrab Mk2 mobile mortar system.[14][13] These have been used in Al Hudaydah by UAE-allied militias.[citation needed]

ST Engineering Aerospace

ST Engineering Aerospace provides "total aviation support" to commercial airlines, airfreight operators and military operators.[13] It is the world's largest airframe maintenance, repair, and operations (MRO) company, and one of the few with in-house engineering design and development capabilities.[15]

According to ST Engineering, the core capabilities of ST Engineering Aerospace in the aerospace sector include aircraft maintenance and modification, component total support, engine total support, aviation and training services, and aerospace engineering and manufacturing.[13]

ST Engineering Marine

ST Engineering Marine provides turnkey shipbuilding, ship conversion and ship-repair services. According to ST Engineering, the core capabilities of ST Engineering Marine include project management, in-house ship design, shipbuilding, ship maintenance and repair, and environmental solutions.[13] Shipyards are located in Singapore and Pascagoula, Mississippi.[16]

ST Engineering Electronics

ST Engineering Electronics is the electronics arm of ST Engineering.[13]

According to ST Engineering, the core capabilities of ST Engineering Electronics include cybersecurity, communications and sensor systems, large-scale systems and software systems.[13][17]

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[18] 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".[19]

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.[20]

References

  1. ^ "Vincent Chong, Singapore Tech Engineering LTD: Profile and Biography".
  2. ^ "ST ENGINEERING CEO TAN PHENG HOCK STEPS DOWN". Archived from the original on 19 September 2016. Retrieved 15 September 2016.
  3. ^ a b "ST Engineering Ltd". Singapore Technologies Engineering Ltd. Archived from the original on 4 November 2016. Retrieved 10 November 2016.
  4. ^ Boey, Dylan. From bullet maker to defence tech giant. AsiaOne. 30 December 2007.
  5. ^ Lee Xin En. Tanks for the memories: ST Engineering turns 50. The Straits Times. 27 January 2017.
  6. ^ Nikkei Asian Review: Singapore Technologies Engineering Ltd.. The Nikkei.
  7. ^ "The World's 2,000 Largest Public Companies". Forbes. 2007. Retrieved 10 January 2008.
  8. ^ THE SIPRI TOP 100 ARMS-PRODUCING AND MILITARY SERVICES COMPANIES, 2015. Stockholm International Peace Research Institute. December 2016.
  9. ^ ST Engineering: Global Presence Archived 2016-12-28 at the Wayback Machine
  10. ^ Jaipragas, Bhavan. Singapore gains toehold in world arms industry. Yahoo! News. 19 March 2012.
  11. ^ "News - ST Engineering North America Dissolves VT Dimensions | ST Engineering". Stengg.com. 1 July 2019. Retrieved 15 May 2020.
  12. ^ "Archived copy". Archived from the original on 2 June 2012. Retrieved 11 May 2012.CS1 maint: archived copy as title (link)
  13. ^ a b c d e f g Corporate profile (ST Engineering). Singapore Press Holdings.
  14. ^ "UAE orders Agrab mortar systems, SA could benefit". defenceWeb. 5 May 2011. Retrieved 16 February 2019.
  15. ^ Tegtmeier, Lee Ann. "Aviation Week Ranks Biggest MRO", 26 June 2013
  16. ^ ST Engineering - Marine
  17. ^ "ST Engineering Electronics Capabilities".
  18. ^ "Archived copy". Archived from the original on 9 December 2013. Retrieved 19 June 2014.CS1 maint: archived copy as title (link)
  19. ^ "Landmine and Cluster Munition Monitor". The-monitor.org. Retrieved 15 May 2020.
  20. ^ "Singapore Technologies Engineering stops production of cluster munitions". Retrieved 26 June 2018.

External links

  • Official site