Singapore, Feb 9, 2026, 14:57 SGT — Regular session
- ST Engineering surged up to 4.5% in the afternoon, smashing through the S$10 mark to hit a fresh record high.
- This came after a flurry of Singapore Airshow news, including agreements on drone tech, satellite systems, and aviation MRO contracts.
- Attention turns to the group’s FY2025 results, expected on Feb. 27.
Shares of Singapore Technologies Engineering Ltd jumped to an all-time high on Monday, breaking through the S$10 mark and tacking on gains that have put the stock among Singapore’s top performers this year. By 2:05 p.m., the shares had climbed 4.5% to S$10.15, compared with Friday’s close of S$9.71.
Why now? The defence and aerospace group sits right at the day’s peak, brushing the upper edge of its 52-week range—territory that often catches the eye of quick-turn traders and draws renewed attention. Market cap stands around S$31.6 billion, according to Investing.com.
Pretty straightforward — the Singapore Airshow wrapped up over the weekend, but investors are still combing through fresh headlines on deals and product launches from Asia’s largest aviation event. This year, the show pulled in over 1,000 companies, set against ongoing supply chain problems and surging demand in the region.
ST Engineering announced Feb. 4 that it inked a multi-year MRO deal with Xiamen Airlines, handling the carrier’s first “Performance Restoration Shop Visit” on its CFM LEAP-1A engines—a significant overhaul aimed at restoring performance. “For airlines, engine overhaul strategy is one of the most critical decisions,” said Tang Jianqi, deputy general manager of engineering and maintenance at Xiamen Airlines. stengg.com
On Feb. 4, the company announced it had inked a memorandum of understanding with Airbus Defence and Space for a cabin modification program on an Airbus A330 Multi Role Tanker Transport Plus aircraft. “This A330 MRTT+ cabin modification marks the latest milestone in our longstanding partnership with Airbus,” said Kevin Chow, who leads aerostructures and systems at ST Engineering. stengg.com
In a Feb. 2 update, the company went into operational specifics. It’s launched an integrated MRO center for both airframes and nacelles in Singapore—bringing aircraft body and engine housing maintenance together. “We now offer a true one-stop experience,” said Jeffrey Lam, who heads ST Engineering’s commercial aerospace unit. stengg.com
Plenty going on beyond engine parts at the airshow. ST Engineering AirX—a group joint venture—announced deals with ferry firms to deploy its AirFish Voyager “wing-in-ground” vehicle on routes in Southeast Asia and India. They’re aiming at a Singapore-Batam launch for the second half of 2026, pending regulatory sign-off. “The AirFish Voyager introduces an entirely new high speed mobility layer between boats and aircraft,” said Siddharth Verma, managing director at Wings Over Water Ferries. stengg.com
Unmanned systems drew attention, too. According to Reuters, the group presented its DrN-600—an all-electric cargo drone with vertical take-off-and-landing capability, able to haul 100 kg for distances beyond 70 km. Certification could come by 2028. Lam pointed out, “It’s still unregulated. Countries are developing regulation,” a reminder that regulatory gaps remain a significant barrier for the drone industry. reuters.com
Autonomy sits at the center of the strategy. Group Chief Technology Officer Lee Shiang Long said the company plans to team up with U.S. drone maker Shield AI and integrate its “Hivemind” autonomy software, which is designed to let drones function with limited communications. reuters.com
RHB Bank’s Shekhar Jaiswal echoed the broader analyst sentiment in a note dated Jan. 29, citing “record 2025 contract wins” as the backbone of his upbeat stance. Jaiswal reiterated his “buy” rating and bumped up his target to S$10.70. The Business Times
Still, there’s a snag to the rally: splashy airshow headlines don’t untangle production snarls. Lam told Reuters on Feb. 6 that it can take up to a year to get aerospace components and materials, with “some of the shortage” stretching across the globe — stubborn supply gaps that could threaten both schedules and margins if they persist. reuters.com
Feb. 27 is shaping up as the next big event: ST Engineering will drop its second-half and full-year 2025 numbers before trading kicks off in Singapore, with the analyst and media call set for 11:00 a.m. local. The focus? Order flow, any details on margins, and signals about delivery speed. Investors also want to see if shares keep their grip on S$10 after results land.
