ST Engineering bags $5.6 billion in new contracts for Q3 2026
Total contract wins for the nine months of 2026 is at $13.2 billion.
Singapore-based ST Engineering secured $5.6 billion worth of new contracts in the third quarter of 2026, according to a company filing. The majority of these contracts, approximately $2.4 billion, were won by its urban solutions and satcom segment. Major rail projects, such as turnkey rail services contracts for Taoyuan's 11.4km brown metro line and Bangkok's BTS green line, accounted for a significant portion of this revenue.
The segment also secured contracts for communications systems, rail electronics, and electronic road tolling in various locations, including Dubai and Florida. Meanwhile, the defence and public security segment secured $1.8 billion worth of new contracts, driven by strong demand for its defence systems, mission-critical digital solutions, and cybersecurity offerings.
Orders included a five-year contract for 40mm ammunition to the UK Defence Ministry, data centre services, public safety digital infrastructure, and defence command-and-control systems. The commercial aerospace unit secured $1.4 billion in new contracts, including MRO and aerostructures and systems projects, such as an Airbus A220 airframe heavy maintenance contract and a performance restoration shop visit services agreement with Hebei Airlines. The company's total contract wins for the nine months of 2026 reached $13.2 billion.
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