ST Engineering to be reorganised into 2 main clusters

Singapore

MAINBOARD-LISTED ST Engineering will be reorganised into two main clusters from the new year - Commercial, and Defence & Public Security, which replace the sector-structure of Aerospace, Electronics, Land Systems and Marine.

The change in structure was announced in a regulatory filing on Tuesday, which ST Engineering said will position the group for its next phase of growth, and propel it towards becoming a global technology, defence and engineering powerhouse.

The Commercial cluster will drive the group's international growth in commercial aerospace, urban solutions and satellite communications. This cluster integrates into one unit the group's smart-city technologies and capabilities, which now …

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