ST Engineering revenue jumps 19% YoY to $6.5b in 9M22

Higher contributions from all business segments drove the increase.

ST Engineering posted a $6.508b revenue in the first nine months of the financial year 2022, its latest business update showed.

Compared to 9M21, the company's revenue grew 19%.

In a bourse filing, ST Engineering attributed its bigger revenue to higher contributions across all its business segments.

In 9M22, its commercial aerospace business saw a 25% YoY jump in its revenue, hitting $2.2b.  The strong PTF demand supported the segment.

Quarter-on-quarter, the segment grew 28%.

Meanwhile, the Urban Solutions & Satcom (USS) and Defence and Public Security businesses grew 54% YoY to $1.2b and 6% YoY to $3.1b, respectively, in 9M22.