fbpx
Wikipedia

ST Engineering

March 08, 2023

For the European company, see STMicroelectronics.

Singapore Technologies Engineering Ltd, doing business as ST Engineering, is a Singaporean multinational technology and engineering group in the aerospace, smart city as well as defence and public security sectors. Headquartered in Singapore, the group reported a revenue of S$7.7 billion in FY2021,[4] ranks among the largest companies listed on the Singapore Exchange, and is one of Asia's largest defence and engineering groups. It is a component stock of FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.[5] ST Engineering has about 23,000 employees worldwide with two-thirds of its employees in the engineering and technology roles.[6]

Singapore Technologies Engineering Ltd
FormerlyChartered Industries of Singapore
TypePublic
SGX: S63
IndustryEngineering, Defence, ICT, Datacenters and System Integration
Founded27 January 1967; 56 years ago (1967-01-27)
HeadquartersSingapore
Key people
Vincent Chong[1]
(President & CEO)[2]
ProductsCommercial and Military Aircraft MRO
Aviation asset management
Aerostructure OEM
Digital Systems and Cybersecurity
Urban Solutions
Smart City
Satellite Communication
Public Security
Infocomm Technologies
Naval and Commercial Shipbuilding
Defence
Land Systems
Revenue S$7.69 billion (2021)[3]
S$646 million (2021)[3]
S$571 million (2021)[3]
Total assets S$10.52 billion (2021)[3]
Total equity S$2.41 billion (2021)[3]
OwnerTemasek Holdings (51.69%)
Number of employees
23,000 (2016)
Websitewww.stengg.com

History

ST Engineering's history began with its precursor, the Chartered Industries of Singapore, which was established in 1967 by the newly independent Singaporean government as an ammunition manufacturer. Businesses related to aerospace and shipbuilding were later created and put under the ST umbrella. The ST group of companies went commercial in 1990, setting up its first commercial airframe manufacturing, repair and overhaul facilities in Singapore and the United States. ST Engineering was created in December 1997 as a merger of four listed companies: ST Aerospace, ST Electronics, ST Kinetics and ST Marine. Its shares debuted on the Singapore Exchange on 8 December 1997.[7][8]

Since then, ST Engineering has grown to become one of Asia's largest defence and engineering groups for commercial and defence organisations across multiple industries.[9] In Mar 2007, ST Engineering was ranked 19th in the aerospace & defence industry and 1,661th of 2,000 of the world's largest public companies by Forbes.[10]

Areas of business

ST Engineering is a major player in the defence and military industries. It was ranked Number 61 in the Stockholm International Peace Research Institute's list of the world's top 100 defence manufacturers in 2021.[11] Outside of Singapore, it has sold defence products to over 100 countries,[12] including United States, United Kingdom, Indonesia, Philippines, United Arab Emirates, Brazil, Sweden, India, Thailand and Finland.[13] ST Engineering do not design, produce or sell anti-personnel mines, cluster munitions, white phosphorus munitions and its related key components.[14]

In 2018, the Group harmonised all brands by using "ST Engineering" as a Masterbrand[15] while in 2020, the Group reorganised as Commercial and Defence & Public Security clusters,[16] replacing the sector-structure of Aerospace, Electronics, Land Systems and Marine. ST Engineering's network of subsidiaries and associated companies spans across the Americas, Asia, Europe and the Middle East.[17]

ST Engineering expanded to the United States in 2001, locating its U.S. headquarters in Herndon, Virginia. It operates in 50 cities across 23 states. It was known as VT Systems (VTS; formerly known as Vision Technologies Systems) until 1 July 2019, when VTS was changed to ST Engineering North America as part of the Group’s brand harmonization exercise in 2018.[18]

As of 28 February 2022, Temasek Holdings has a 51.69% shares in ST Engineering.[19]

Core capabilities

ST Engineering's businesses span across the aerospace, smart city, defence and public security sectors.

Aerospace

Main article: ST Aerospace

ST Engineering Aerospace provides provides nose-to-tail lifecycle solutions including aviation asset management [20] to commercial airlines, airfreight operators [21] and military operators.[22] It is the world's largest airframe maintenance, repair, and operations (MRO) company, and one of the few with in-house engineering design and development capabilities.[23] On top of MRO capabilities,[24] ST Engineering also has expertise as an OEM specialising in engine nacelle [25] and composite panels. It is the only company in the world offering Airbus freighter conversions [26] using OEM data.

Smart City

ST Engineering's technologies and solutions in Smart City addresses the connectivity,[27] mobility,[28] security,[29] infrastructure [30] and environmental [31] needs of cities. Its solutions span over rail and road, autonomous and electric vehicles, mobility payment systems, building access and security systems, as well as IoT solutions for lighting, water and energy management. Its Smart City business has a track record of 700 smart city products in over 130 cities worldwide.[32]

In March 2022, ST Engineering completed its acquisition of Transcore to enhance its Smart City solutions through TransCore’s market leading end-to-end tolling solutions and congestion pricing businesses.[33]

Defence & Public Security

ST Engineering's defence business provides integrated defence technologies and critical systems spanning the digital,[34] air,[35] land [36] and sea [37] domains. It has over four decades of expertise in the development of military technology and solutions, from aircraft and avionics Avionics upgrades, to designing and building proven battlefield mobility platforms, soldier systems, ammunition and naval vessels.

Its solutions in Public Security cover critical infrastructure,[38] intelligence operations,[39] homeland security applications [40] and maritime system,[41] which have been implemented in more than 100 cities worldwide.

Controversy

In 2014, ST Engineering and its subsidiaries ST Engineering Marine and ST Engineering Aerospace were hit by one of the largest corruption scandals in Singapore history following investigations by the Corrupt Practices Investigation Bureau.[42][43][44]

In December 2014, former ST Engineering Marine and ST Engineering Aerospace president, Chang Cheow Teck, was charged with conspiring with two subordinates to offer bribes in return for ship-repair contracts between 2004 and 2010.[45] The corruption charges were eventually withdrawn and in January 2017, Chang pleaded guilty to "failing to use reasonable diligence in performing his duties" and was given a short detention order of 14 days.[42] Former ST Marine CEO and president See Leong Teck was also charged with seven counts of corruption.[45] In December 2016, See was sentenced to 10 months' jail and a $100,000 fine.[43]

Since then, six other former ST Engineering Marine senior executives were implicated in the corruption scandal, including former financial controller and senior vice-president of finance Ong Tek Liam who pleaded guilty to ten out of 118 charges in relating to the falsification of accounts,[46] former senior vice-president Mok Kim Whang who pleaded guilty to 49 out of 826 corruption charges,[44] ex-chief operating officer Han Yew Kwang who pleaded guilty to 50 out of 407 charges and was sentenced to six months' jail and fined $80,000,[47] former president of commercial business Tan Mong Seng who faced 445 corruption charges[48] and was sentenced to 16 weeks' jail,[44][49] and ex-financial controller Patrick Lee Swee Ching who pled guilty to seven of 38 charges of conspiring with others between 2004 and 2007 to make false entries in petty cash vouchers, and was given the maximum fine of $210,000.[50]

In June 2017, Ong Teck Liam was sentenced to a fine of SGD300,000 ($217,200), in default 30 weeks’ imprisonment. Ong was the last to be sentenced. [51][52]

References

  1. ^ "Vincent Chong, Singapore Tech Engineering LTD: Profile and Biography". Bloomberg News.
  2. ^ . Archived from the original on 19 September 2016. Retrieved 15 September 2016.
  3. ^ a b c d e "ST Engineering FY2021 Results Announcement". Singapore Exchange. 25 February 2022.
  4. ^ ([1])
  5. ^ ([2])
  6. ^ "Investor Factsheet" (PDF).
  7. ^ Boey, Dylan. . AsiaOne. 30 December 2007.
  8. ^ Lee Xin En. Tanks for the memories: ST Engineering turns 50. The Straits Times. 27 January 2017.
  9. ^ Nikkei Asian Review: Singapore Technologies Engineering Ltd.. The Nikkei.
  10. ^ "The World's 2,000 Largest Public Companies". Forbes. 2007. Retrieved 10 January 2008.
  11. ^ Marksteiner, Alexandra; Béraud-Sudreau, Lucie; Tian, Nan; Silva, Diego Lopes da; Kuimova, Alexandra (December 2021). "The SIPRI Top 100 Arms-producing and Military Services Companies, 2020". sipri.
  12. ^ . Archived from the original on 28 December 2016.
  13. ^ Jaipragas, Bhavan. Singapore gains toehold in world arms industry. Yahoo! News. 19 March 2012.
  14. ^ "ST Engineering Sustainability Report".
  15. ^ "News - ST Engineering Adopts Masterbrand for its Subsidiaries to Drive Growth in Key Global Markets". www.stengg.com.
  16. ^ "News - ST Engineering Reorganises for Global Growth and Success | ST Engineering". www.stengg.com.
  17. ^ "About Us | ST Engineering". www.stengg.com.
  18. ^ "News - VT Systems Changes Name to ST Engineering North America and Adopts the Group Corporate brand | ST Engineering". www.stengg.com.
  19. ^ "Investor Relations FAQ | ST Engineering". www.stengg.com.
  20. ^ "Aviation Asset Management - Aerospace | ST Engineering". www.stengg.com.
  21. ^ "Aerostructures & Systems | ST Engineering". www.stengg.com.
  22. ^ Corporate profile (ST Engineering). Singapore Press Holdings.
  23. ^ Tegtmeier, Lee Ann. "Aviation Week Ranks Biggest MRO", 26 June 2013
  24. ^ "Aerospace MRO - Aerospace | ST Engineering". www.stengg.com.
  25. ^ "Nacelles Aerospace| ST Engineering". www.stengg.com.
  26. ^ "Freighter Conversions - Aerospace| ST Engineering". www.stengg.com.
  27. ^ "Satellite Solutions - Smart City | ST Engineering". www.stengg.com.
  28. ^ "Smart Mobility - Smart City | ST Engineering". www.stengg.com.
  29. ^ "Smart Security and Automation - Smart City | ST Engineering". www.stengg.com.
  30. ^ "Smart Utilities and Infrastructure - Smart City | ST Engineering". www.stengg.com.
  31. ^ "Urban Environment Solutions - Smart City | ST Engineering". www.stengg.com.
  32. ^ "Driving the Next Bound of Growth" (PDF).
  33. ^ "News - ST Engineering Completes Acquisition of TransCore | ST Engineering". www.stengg.com.
  34. ^ "Digital Tech | ST Engineering". www.stengg.com.
  35. ^ "Air - Defence | ST Engineering". www.stengg.com.
  36. ^ "Land - Defence | ST Engineering". www.stengg.com.
  37. ^ "Sea - Defence | ST Engineering". www.stengg.com.
  38. ^ "Critical Infrastructure - Public Security | ST Engineering". www.stengg.com.
  39. ^ "Smart Facilities Singapore | ST Engineering". www.stengg.com.
  40. ^ "Homeland Security - Public Security | ST Engineering". www.stengg.com.
  41. ^ "ST Engineering | Marine". www.stengg.com.
  42. ^ a b Ng Huiwen. Former ST Marine president given short detention order, corruption charges withdrawn. The Straits Times. 5 January 2017.
  43. ^ a b Hussain, Amir. Graft scandal: Ex-ST Marine CEO jailed 10 months, fined. The Straits Times. 3 December 2016.
  44. ^ a b c Leong, Grace. Two ex-ST Marine execs plead guilty to bribery, making false expense claims. The Straits Times. 27 August 2016.
  45. ^ a b Huang, Claire. Former president of ST Marine charged, along with two ex-employees. The Business Times. 12 December 2014.
  46. ^ Chelvan, Venessa Paige. Former ST Marine financial controller pleads guilty in corruption case. Channel NewsAsia. 19 February 2016.
  47. ^ Hussain, Amir. Former ST Marine exec in graft scandal gets 6 months' jail, $80k fine. The Straits Times. 31 August 2016.
  48. ^ Malinda, Kyle. Two more former ST Marine senior executives charged for corruption. Channel NewsAsia. 1 July 2015.
  49. ^ Chong, Elena. ST Marine graft case: Ex-exec sentenced to 16 weeks' jail. The Straits Times. 7 April 2017.
  50. ^ Chong, Elena. Ex-ST Marine exec fined $210k in graft case. The Straits Times. 2 July 2015.
  51. ^ "Last of seven former ST Marine executive involved in corruption is sentenced". Seatrade Maritime. 6 June 2017. Retrieved 25 May 2022.
  52. ^ "SINGAPORE TECHNOLOGIES ENGINEERING LTD : 05-Jun-2017". links.sgx.com. Retrieved 25 May 2022.

March 08, 2023
engineering, european, company, stmicroelectronics, this, article, relies, excessively, references, primary, sources, please, improve, this, article, adding, secondary, tertiary, sources, find, sources, news, newspapers, books, scholar, jstor, 2022, learn, whe. For the European company see STMicroelectronics This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources ST Engineering news newspapers books scholar JSTOR May 2022 Learn how and when to remove this template message Singapore Technologies Engineering Ltd doing business as ST Engineering is a Singaporean multinational technology and engineering group in the aerospace smart city as well as defence and public security sectors Headquartered in Singapore the group reported a revenue of S 7 7 billion in FY2021 4 ranks among the largest companies listed on the Singapore Exchange and is one of Asia s largest defence and engineering groups It is a component stock of FTSE Straits Times Index MSCI Singapore iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index 5 ST Engineering has about 23 000 employees worldwide with two thirds of its employees in the engineering and technology roles 6 Singapore Technologies Engineering LtdFormerlyChartered Industries of SingaporeTypePublicTraded asSGX S63IndustryEngineering Defence ICT Datacenters and System IntegrationFounded27 January 1967 56 years ago 1967 01 27 HeadquartersSingaporeKey peopleVincent Chong 1 President amp CEO 2 ProductsCommercial and Military Aircraft MRO Aviation asset management Aerostructure OEM Digital Systems and Cybersecurity Urban Solutions Smart City Satellite Communication Public Security Infocomm TechnologiesNaval and Commercial ShipbuildingDefenceLand SystemsRevenueS 7 69 billion 2021 3 Operating incomeS 646 million 2021 3 Net incomeS 571 million 2021 3 Total assetsS 10 52 billion 2021 3 Total equityS 2 41 billion 2021 3 OwnerTemasek Holdings 51 69 Number of employees23 000 2016 Websitewww wbr stengg wbr com Contents 1 History 2 Areas of business 3 Core capabilities 3 1 Aerospace 3 2 Smart City 3 3 Defence amp Public Security 4 Controversy 5 ReferencesHistory EditST Engineering s history began with its precursor the Chartered Industries of Singapore which was established in 1967 by the newly independent Singaporean government as an ammunition manufacturer Businesses related to aerospace and shipbuilding were later created and put under the ST umbrella The ST group of companies went commercial in 1990 setting up its first commercial airframe manufacturing repair and overhaul facilities in Singapore and the United States ST Engineering was created in December 1997 as a merger of four listed companies ST Aerospace ST Electronics ST Kinetics and ST Marine Its shares debuted on the Singapore Exchange on 8 December 1997 7 8 Since then ST Engineering has grown to become one of Asia s largest defence and engineering groups for commercial and defence organisations across multiple industries 9 In Mar 2007 ST Engineering was ranked 19th in the aerospace amp defence industry and 1 661th of 2 000 of the world s largest public companies by Forbes 10 Areas of business EditST Engineering is a major player in the defence and military industries It was ranked Number 61 in the Stockholm International Peace Research Institute s list of the world s top 100 defence manufacturers in 2021 11 Outside of Singapore it has sold defence products to over 100 countries 12 including United States United Kingdom Indonesia Philippines United Arab Emirates Brazil Sweden India Thailand and Finland 13 ST Engineering do not design produce or sell anti personnel mines cluster munitions white phosphorus munitions and its related key components 14 In 2018 the Group harmonised all brands by using ST Engineering as a Masterbrand 15 while in 2020 the Group reorganised as Commercial and Defence amp Public Security clusters 16 replacing the sector structure of Aerospace Electronics Land Systems and Marine ST Engineering s network of subsidiaries and associated companies spans across the Americas Asia Europe and the Middle East 17 ST Engineering expanded to the United States in 2001 locating its U S headquarters in Herndon Virginia It operates in 50 cities across 23 states It was known as VT Systems VTS formerly known as Vision Technologies Systems until 1 July 2019 when VTS was changed to ST Engineering North America as part of the Group s brand harmonization exercise in 2018 18 As of 28 February 2022 Temasek Holdings has a 51 69 shares in ST Engineering 19 Core capabilities EditST Engineering s businesses span across the aerospace smart city defence and public security sectors Aerospace Edit Main article ST Aerospace ST Engineering Aerospace provides provides nose to tail lifecycle solutions including aviation asset management 20 to commercial airlines airfreight operators 21 and military operators 22 It is the world s largest airframe maintenance repair and operations MRO company and one of the few with in house engineering design and development capabilities 23 On top of MRO capabilities 24 ST Engineering also has expertise as an OEM specialising in engine nacelle 25 and composite panels It is the only company in the world offering Airbus freighter conversions 26 using OEM data Smart City Edit ST Engineering s technologies and solutions in Smart City addresses the connectivity 27 mobility 28 security 29 infrastructure 30 and environmental 31 needs of cities Its solutions span over rail and road autonomous and electric vehicles mobility payment systems building access and security systems as well as IoT solutions for lighting water and energy management Its Smart City business has a track record of 700 smart city products in over 130 cities worldwide 32 In March 2022 ST Engineering completed its acquisition of Transcore to enhance its Smart City solutions through TransCore s market leading end to end tolling solutions and congestion pricing businesses 33 Defence amp Public Security Edit ST Engineering s defence business provides integrated defence technologies and critical systems spanning the digital 34 air 35 land 36 and sea 37 domains It has over four decades of expertise in the development of military technology and solutions from aircraft and avionics Avionics upgrades to designing and building proven battlefield mobility platforms soldier systems ammunition and naval vessels Its solutions in Public Security cover critical infrastructure 38 intelligence operations 39 homeland security applications 40 and maritime system 41 which have been implemented in more than 100 cities worldwide Controversy EditThis section may lend undue weight to certain ideas incidents or controversies Please help to create a more balanced presentation Discuss and resolve this issue before removing this message April 2017 In 2014 ST Engineering and its subsidiaries ST Engineering Marine and ST Engineering Aerospace were hit by one of the largest corruption scandals in Singapore history following investigations by the Corrupt Practices Investigation Bureau 42 43 44 In December 2014 former ST Engineering Marine and ST Engineering Aerospace president Chang Cheow Teck was charged with conspiring with two subordinates to offer bribes in return for ship repair contracts between 2004 and 2010 45 The corruption charges were eventually withdrawn and in January 2017 Chang pleaded guilty to failing to use reasonable diligence in performing his duties and was given a short detention order of 14 days 42 Former ST Marine CEO and president See Leong Teck was also charged with seven counts of corruption 45 In December 2016 See was sentenced to 10 months jail and a 100 000 fine 43 Since then six other former ST Engineering Marine senior executives were implicated in the corruption scandal including former financial controller and senior vice president of finance Ong Tek Liam who pleaded guilty to ten out of 118 charges in relating to the falsification of accounts 46 former senior vice president Mok Kim Whang who pleaded guilty to 49 out of 826 corruption charges 44 ex chief operating officer Han Yew Kwang who pleaded guilty to 50 out of 407 charges and was sentenced to six months jail and fined 80 000 47 former president of commercial business Tan Mong Seng who faced 445 corruption charges 48 and was sentenced to 16 weeks jail 44 49 and ex financial controller Patrick Lee Swee Ching who pled guilty to seven of 38 charges of conspiring with others between 2004 and 2007 to make false entries in petty cash vouchers and was given the maximum fine of 210 000 50 In June 2017 Ong Teck Liam was sentenced to a fine of SGD300 000 217 200 in default 30 weeks imprisonment Ong was the last to be sentenced 51 52 References Edit Vincent Chong Singapore Tech Engineering LTD Profile and Biography Bloomberg News ST ENGINEERING CEO TAN PHENG HOCK STEPS DOWN Archived from the original on 19 September 2016 Retrieved 15 September 2016 a b c d e ST Engineering FY2021 Results Announcement Singapore Exchange 25 February 2022 1 2 Investor Factsheet PDF Boey Dylan From bullet maker to defence tech giant AsiaOne 30 December 2007 Lee Xin En Tanks for the memories ST Engineering turns 50 The Straits Times 27 January 2017 Nikkei Asian Review Singapore Technologies Engineering Ltd The Nikkei The World s 2 000 Largest Public Companies Forbes 2007 Retrieved 10 January 2008 Marksteiner Alexandra Beraud Sudreau Lucie Tian Nan Silva Diego Lopes da Kuimova Alexandra December 2021 The SIPRI Top 100 Arms producing and Military Services Companies 2020 sipri ST Engineering Global Presence Archived from the original on 28 December 2016 Jaipragas Bhavan Singapore gains toehold in world arms industry Yahoo News 19 March 2012 ST Engineering Sustainability Report News ST Engineering Adopts Masterbrand for its Subsidiaries to Drive Growth in Key Global Markets www stengg com News ST Engineering Reorganises for Global Growth and Success ST Engineering www stengg com About Us ST Engineering www stengg com News VT Systems Changes Name to ST Engineering North America and Adopts the Group Corporate brand ST Engineering www stengg com Investor Relations FAQ ST Engineering www stengg com Aviation Asset Management Aerospace ST Engineering www stengg com Aerostructures amp Systems ST Engineering www stengg com Corporate profile ST Engineering Singapore Press Holdings Tegtmeier Lee Ann Aviation Week Ranks Biggest MRO 26 June 2013 Aerospace MRO Aerospace ST Engineering www stengg com Nacelles Aerospace ST Engineering www stengg com Freighter Conversions Aerospace ST Engineering www stengg com Satellite Solutions Smart City ST Engineering www stengg com Smart Mobility Smart City ST Engineering www stengg com Smart Security and Automation Smart City ST Engineering www stengg com Smart Utilities and Infrastructure Smart City ST Engineering www stengg com Urban Environment Solutions Smart City ST Engineering www stengg com Driving the Next Bound of Growth PDF News ST Engineering Completes Acquisition of TransCore ST Engineering www stengg com Digital Tech ST Engineering www stengg com Air Defence ST Engineering www stengg com Land Defence ST Engineering www stengg com Sea Defence ST Engineering www stengg com Critical Infrastructure Public Security ST Engineering www stengg com Smart Facilities Singapore ST Engineering www stengg com Homeland Security Public Security ST Engineering www stengg com ST Engineering Marine www stengg com a b Ng Huiwen Former ST Marine president given short detention order corruption charges withdrawn The Straits Times 5 January 2017 a b Hussain Amir Graft scandal Ex ST Marine CEO jailed 10 months fined The Straits Times 3 December 2016 a b c Leong Grace Two ex ST Marine execs plead guilty to bribery making false expense claims The Straits Times 27 August 2016 a b Huang Claire Former president of ST Marine charged along with two ex employees The Business Times 12 December 2014 Chelvan Venessa Paige Former ST Marine financial controller pleads guilty in corruption case Channel NewsAsia 19 February 2016 Hussain Amir Former ST Marine exec in graft scandal gets 6 months jail 80k fine The Straits Times 31 August 2016 Malinda Kyle Two more former ST Marine senior executives charged for corruption Channel NewsAsia 1 July 2015 Chong Elena ST Marine graft case Ex exec sentenced to 16 weeks jail The Straits Times 7 April 2017 Chong Elena Ex ST Marine exec fined 210k in graft case The Straits Times 2 July 2015 Last of seven former ST Marine executive involved in corruption is sentenced Seatrade Maritime 6 June 2017 Retrieved 25 May 2022 SINGAPORE TECHNOLOGIES ENGINEERING LTD 05 Jun 2017 links sgx com Retrieved 25 May 2022 Retrieved from https en wikipedia org w index php title ST Engineering amp oldid 1121249098, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.