Singapore Technologies Engineering (STEG.SI), the city-state’s main defence contractor, posted on Tuesday an 8.3% rise in third quarter net profit, helped by higher earnings from its electronics and marine units.

ST Engineering, whose biggest business is the maintenance of military and civilian planes, earned $130.2 million  in three months ended September, up from $120.3 million in the same period a year ago.

 

“Barring unforeseen circumstances, the group expects to achieve higher turnover and profit before tax for FY2010 over FY2009,” CEO Tan Pheng Hock said in a statement.

 

ST Engineering’s order book stood at $10.8 billion at the end of September, of which around $1.2 billion is expected to be delivered in the last quarter of 2010.