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ST Engineering reports 13% y-o-y growth in 1QFY2022 group revenue of $2.0 bil

Felicia Tan
Felicia Tan5/13/2022 08:57 AM GMT+08  • 2 min read
ST Engineering reports 13% y-o-y growth in 1QFY2022 group revenue of $2.0 bil
The aerial test track at Transcore, which ST Engineering acquired in March. Photo: ST Engineering
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Singapore Technologies Engineering (ST Engineering) has reported revenue of $2.0 billion for the 1QFY2022 ended March, 13% higher than the revenue of $1.8 billion in the same period the year before.

The higher revenue was led by revenue growth across the group’s three segments, commercial aerospace, urban solutions & satcom and defence & public security.

Within the commercial aerospace segment, revenue increased 22% y-o-y to $674 million due to the gradual opening of borders, strong demand for passenger to freighter (PTF) aircraft, healthy orders for nacelles and a gradual recovery in the demand for maintenance, repair and overhaul (MRO) works.

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