SINGAPORE (Aug 13): ST Engineering’s new growth will come from smart city products and services. As at June 30, the arms maker had built up an order book of $13.4 billion, with about $2.7 billion worth of contracts to be delivered by year-end. In a sign that the company is decreasing its reliance on military contracts and has garnered more commercial orders, the revenue split, which used to be almost equal, is now 72% for commercial in 2Q, and 28% for defence.

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