Singapore Technologies Engineering Ltd (ST Engineering) 2025 Update: Record Order Book, iDirect Impairment and a New Cybersecurity Push
ST Engineering reported S$9.1 billion in group revenue for the first nine months of 2025, up 9% year-on-year, and a record order book of S$32.6 billion. The company took a S$667 million impairment on its iDirect satcom business and signaled a strategic reset in that segment. Defence contract wins surged, with S$6.6 billion secured in 9M2025, up 84% from a year earlier.