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Letter to Shareholders

“The diversity of our business portfolio and our focus on seizing growth opportunities, coupled with productivity and cost management measures, helped us to achieve this balanced set of results in 2021.”

Kwa Chong Seng, Chairman

Vincent Chong Sy Feng, Group President and CEO

Operating Review and Outlook
Commercial Aerospace

In anticipation of a stronger recovery in 2022 and growth over the longer horizon, we continued to invest in our capabilities during the year, from constructing new aerospace facilities to implementing smart technologies at our hangars to enhance productivity. 

Operating Review and Outlook
Urban Solutions & Satcom

We expanded our Smart Mobility capabilities and secured landmark Smart City projects in Singapore and around the world in 2021. Our Satcom business continued to lead in our key market segments, despite the challenging environment including the global shortage in semiconductor chips impacting our supply chain.  

Operating Review and Outlook
Defence & Public Security

Throughout 2021, we secured more turnkey digital systems & cyber projects and forged industry collaborations with leading technology companies to step up our digital capabilites and expanded our talent pool. We also clinched several key naval shipbuilding and land platform contracts, furthering our international track record for our suite of defence solutions.


We aim to positively impact people’s lives and the health of our planet by being a responsible global citizen. We do this by harnessing technology and innovation to address real-world problems. We also incorporate ESG practices into our businesses globally.

Corporate Governance Report

Our Corporate Governance Report sets out ST Engineering’s corporate governance processes, practices and activities in 2021 with specific reference to the principles and provisions of the Singapore Code of Corporate Governance 2018.

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