News
ST Engineering reports 22.2% improvement in Q3 revenue
November 29th 2022
ST Engineering said in a trading update, revenue for the three months to September 30, rose 22.2%, to S$2.2 billion (US$1.6 billion), from S$1.8 billion in the same months in 2021 from organic growth and acquisition activity. Read More » Revenue at its commercial aerospace business increased 28% in the quarter, at S$776 million, as a result of demand for nacelle and MRO services and passenger-to-freighter (PTF) aircraft conversions. ST Engineering said its PTF conversion lines are booked to 2025, but its commercial aerospace business has “yet to recover fully to pre-COVID levels”, the trading update said.
