SINGAPORE, February 5, 2026, 15:12 SGT — Regular session
- ST Engineering shares slipped roughly 1% in afternoon trading, having reached S$10.01 earlier.
- Updates tied to the airshow feature a new cargo drone, partnerships with AirFish ferries, and new aerospace service deals.
- Attention shifts to upcoming Airshow announcements and the company’s full-year results set for release later this month.
Shares of Singapore Technologies Engineering Ltd (ST Engineering) (SGX: S63) slipped roughly 1% on Thursday, pulling back from recent peaks amid volatile trading. By around 3 p.m. local time, the stock stood at S$9.85, fluctuating between S$9.78 and S$10.01 earlier in the session.
The pullback follows a wave of Singapore Airshow news, covering everything from drones to aircraft maintenance. Despite Thursday’s drop, the shares remain near their 52-week high, which spans S$4.80 to S$10.03.
Airshow announcements pack a punch, quickly shifting outlooks for companies dealing in both gear and extended services. The bigger challenge lies in timing: how swiftly these new platforms translate into contracts, and how durable the revenue remains once the spotlight fades.
ST Engineering unveiled its largest all-electric vertical take-off-and-landing (eVTOL) cargo drone, the DrN-600, at Wednesday’s event. The battery-powered aircraft operates like a helicopter, taking off and landing vertically. “A new market … it’s a disruptor,” said chief operating officer Jeffrey Lam in an interview with Reuters, noting that drone regulations are still in the works. Certification for the DrN-600 is expected by 2028. Reuters
In a separate announcement, its AirX joint venture revealed deals to deploy the AirFish Voyager on ferry routes. The first launch targets BatamFast on the Singapore-Batam run, expected in the second half of 2026, pending regulatory green lights. Meanwhile, AirX inked a deal with Wings Over Water Ferries to lease and operate up to four vessels in India starting late 2026. Siddharth Verma of WOW described the craft as “fast, safe and infrastructure-light.” ST Engineering
ST Engineering’s Commercial Aerospace division has secured a multi-year engine maintenance, repair, and overhaul (MRO) contract with Xiamen Airlines for its first “performance restoration shop visit” (PRSV) on CFM LEAP-1A engines—a scheduled overhaul designed to recover engine performance. Tay Eng Guan, head of engine services at ST Engineering, called the deal “a testament” to customer trust in their engine offerings. ST Engineering
On Feb. 4, the company announced it had signed a memorandum of understanding with Airbus Defence and Space for an Airbus A330 MRTT+ cabin modification programme. The deal covers engineering design, certification, and aircraft modification work. Kevin Chow, head of aerostructures and systems at ST Engineering, called the A330 MRTT+ cabin modification the “latest milestone” in its partnership with Airbus. ST Engineering
ST Engineering’s satellite communications arm, iDirect, announced a partnership with Verizon Frontline to showcase public safety solutions in the U.S. ahead of the Super Bowl. The collaboration will leverage satellite links to back up deployable connectivity assets. Stuart Burson from Verizon emphasized the importance of “reliable, resilient connectivity” for first responders. ST Engineering
Several Airshow partnerships remain in early stages or depend on regulatory green lights, and aircraft certification can drag on for years. If approvals get delayed or customer demand slows, the market could rely more heavily on the core maintenance business to carry the load.
ST Engineering is set for a closer milestone: an SGX filing reveals the company will publish its full-year results for 2025 on Feb. 27 before Singapore’s market opens. An analyst and media briefing will follow at 11 a.m. local time.
Traders will keep an eye on contract announcements as the Singapore Airshow continues through Feb. 8. The stock’s next major trigger comes on Feb. 27, when management will update on demand, margins, and how much of the Airshow pipeline is set to convert into signed deals.
