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Aerospace

Singapore Technologies Engineering Ltd

Company Profile Analysis

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Singapore Technologies Engineering Ltd - Aerospace showcase

Year Founded & Workforce

1974-12-31

22,000 Employees

Industry

Aerospace

Services

S

Singapore Technologies Engineering Ltd Overview

Company Headquarters: Paya Lebar, Singapore

Founded: 1975

Workforce: ~22,000

Company Working: Singapore Technologies Engineering Ltd specializes in the repair and overhaul of aircraft avionics, systems, and components. It operates through five segments, namely aerospace, electronics, land system, marine, and others. It provides landing gear repair, overhaul, and exchange services through its aerospace segment. ST Aerospace Engineering Pte Ltd, VT Aerospace Mobile, ST Aerospace Systems, and Pacific Flight Services Pte Ltd (PFS) are the subsidiaries of the company. It has its offices in 44 countries worldwide, and it predominantly operates in Asia-Pacific, Europe, and North America.

Strategy

Singapore Technologies Engineering Ltd focuses on strategic partnerships with major airlines across the globe to increase its global presence. Furthermore, the company aims to strengthen its position in the global aviation engine MRO market by acquiring prominent MRO companies.

Company Snapshot

$4,953M

Revenue

22,000

Employees

1974-12-31

Founded

Paya Lebar, Singapore

Headquarters

SWOT Analysis

Strengths

  • Wide geographical presence
  • Large global customer base
  • Experienced workforce
  • Wide geographic presence

Weaknesses

  • High operational costs
  • High operational cost

Opportunities

  • Increased business prospects through gaining more military contracts
  • Growth opportunities in Asia-Pa
  • Increased business prospects through acquisition of smaller MRO firms

Threats

  • Threat from competitors such as Air France Industries KLM Engineering & Maintenance and SIA Engineering Company Ltd
  • Increasing costs of aftermarket componen

Key Developments

DateApproachDevelopment
February 2020AgreementSingapore Technologies Engineering Ltd signed an agreement with CFM International, a provider of jet engines for commercial aircraft based in the US, to provide MRO services for the latter’s LEAP-1B engine.
February 2020ContractSingapore Technologies Engineering Ltd signed a contract with T'way Air to provide Maintenance-By-the-Hour (MBH) services and integrated suite of CFM56-7B engine MRO solutions for the latter’s Boeing 737-800 fleet.
November 2019ContractSingapore Technologies Engineering Ltd signed a 15-year contract with Japan Transocean Air to provide engine MRO solutions for the Boeing 737NG fleet.
June 2019Joint VentureSingapore Technologies Engineering Ltd and Vietnam Airlines Engineering Company (VAECO), a subsidiary of Vietnam Airlines Co Ltd, collaborated to form a joint venture Vietnam Singapore Technologies Engineering Aerospace Co. Ltd. (JVCo) based in Vietnam. The formation of the joint venture enabled the company to strengthen its presence in the Vietnamese aviation market.
April 2019AcquisitionSingapore Technologies Engineering Ltd acquired Middle River Aerostructure Systems, a provider of engine nacelle components and specialized aerostructures and MRO services. The acquisition enabled the company to strengthen its presence in the engine MRO market.
January 2017ContractSingapore Technologies Engineering Ltd signed a five-year contract, worth approximately USD 840 million, with Alaska Airlines. As per the terms of the contract, Singapore Technologies Engineering Ltd provided maintenance support for the airline’s CFM56-7B engines that power the Boeing 737-700 and 737-900 aircraft fleets.
DevelopmentContractSingapore Technologies Engineering Ltd signed a contract with Air Canada for providing airframe maintenance and component support for the latter’s Boeing 787 Dreamliner fleet.
January 2017ContractSingapore Technologies Engineering Ltd signed a five-year contract, worth approximately USD 840 million, with Alaska Airlines, to provide maintenance support for the airline’s CFM56-7B engines that power Boeing 737-700 and 737-900 aircraft fleets.

Product Offering

  • Singapore Technologies Engineering Ltd
    • Aviation Engine MRO
    • Aircraft Landing Gear MRO

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Singapore Technologies Engineering Ltd as part of our ongoing coverage of the Aerospace sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Singapore Technologies Engineering Ltd

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