SINGAPUR (dpa-AFX) - Singapore Technologies Engineering Ltd (SGGKF, S63.SI) reported Monday higher revenues in first quarter, with growth in all segments.
In the first quarter, Group revenues increased 11 percnt to S$3.26 billion from last year's S$2.92 billion.
Excluding revenue from LeeBoy, which was divested in 2025, rebased Group revenue grew 15 percent year-over-year.
Defence & Public Security revenues increased 7 percent from last year to S$1.41 billion, and the growth was 13 percent excluding LeeBoy with improved result in in all subsegments.
Commercial Aerospace revenues grew 15 percent to S$1.32 billion. Urban Solutions & Satcom revenues climbed 18 percent.
In the quarter, the company recorded S$4.8 billion contract wins, mainly reflecting strong momentum in International Defence contract wins.
Order Book as of March 31, 2026 was S$34.5 billion. The company expects to deliver S$8.0 billion orders over the remainder of the year.
In Singapore, the shares were gaining around 1.8 percent, trading at S$10.56.
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