Singapore Technologies Engineering Ltd (SGGKF, S63.SI) reported a robust 11% revenue increase in Q1, reaching S$3.26 billion, driven by growth across all segments. Notably, the Defence & Public Security sector saw a 7% rise to S$1.41 billion, while Commercial Aerospace revenues surged 15% to S$1.32 billion. Excluding the divested LeeBoy revenue, the rebased Group revenue growth was an impressive 15% year-over-year.
This performance is significant for the financial markets as it underscores the company’s strong position in the defence sector, particularly with S$4.8 billion in new contract wins, contributing to an order book of S$34.5 billion as of March 31, 2026. The anticipated delivery of S$8.0 billion in orders throughout the year signals a positive outlook for revenue continuity.
Investors should note the upward momentum in SGGKF’s share price, which rose approximately 1.8% to S$10.56, reflecting market confidence in the company’s growth trajectory and solid order backlog.
Source: nasdaq.com