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09 May 2025
ST Engineering posts 8% rise in Q1 revenue to $2.9 billion as contract wins surge
Summary: ST Engineering reported an 8% increase in Q1 revenue to $2.9 billion, driven by strong growth in its defense and public security segment. The company secured $4.4 billion in contracts, bringing its order book to $29.8 billion. Despite potential recession and inflation risks, the group remains resilient due to its diverse business portfolio.