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ST Engineering

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ST Engineering - Aerospace showcase

Year Founded & Workforce

1967

65,000 Employees

Industry

Aerospace

Services

Aircraft Engine Nacelle
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ST Engineering Employee Contacts

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ST Engineering Overview

Company Headquarters: Singapore

Founded: 1967

Workforce: ~65,000

Company Working: ST Engineering is a defense and engineering group that specializes in offering products and services for aerospace, electronics, land systems, and marine sectors. The firm has a presence across the Americas, Europe, Asia, and the Middle East and is providing services to customers in more than 100 countries worldwide. It focuses on innovations to create smart engineering solutions for the defense, government, and commercial clients. It is involved in more than 500 smart city projects across the globe. It is also assisting cities to transform through various projects such as smart mobility, smart security, and smart environment solutions. It has a highly competent MRO workforce and integrated with advanced engineering capabilities at both design and production levels. This ensures the smooth running of fleets and helps maintain equipment to extend their operational life. The company is present in the global aircraft engine nacelle market through its subsidiary named, Middle River Aerostructure Systems.

Strategy

ST Engineering focuses on strategic partnerships with major airlines across the globe to increase its global presence. It aims to strengthen its presence in the global aircraft engine nacelle market through strategic mergers and acquisitions.

Company Snapshot

$6,619M

Revenue

65,000

Employees

1967

Founded

Singapore

Headquarters

SWOT Analysis

Strengths

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

Weaknesses

  • Limited presence in the Europe and the Middle East

Opportunities

  • Modernization programs in Asia-Pacific
  • Acquisition of smaller MRO firms

Threats

  • Increasing costs of raw materials

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Key Developments

DateApproachDevelopment
February 2020AgreementST Aerospace, the aerospace unit of ST Engineering, signed an agreement with Qantas Airways to provide nacelle maintenance services for the latter’s Boeing 737-800 and Airbus A330 fleet.
April 2019AcquisitionST Engineering acquired Middle River Aerostructure Systems, a manufacturer of thrust reversers and engine nacelle components. The acquisition enabled the company to strengthen its presence in the global aircraft engine nacelle market.

Product Offering

  • ST Engineering
    • Aircraft Engine Nacelle

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Revenue rose from USD 6,619 Mn in 2017 to USD 7,868 Mn in 2019.
ST Engineering — By Business Segment
Series (USD Mn)201720182019
Revenue6,6196,6977,868

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