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REVENUE IN $m

FY 08

1,274

FY 07

1,178

PROFIT BEFORE TAX IN $m

FY 08

84.7

FY 07

80.0

CORE CAPABILITIES Land Systems & Solutions Design, development and production of integrated weapon and munitions systems Design, development, production and upgrade of wheeled and tracked mobility systems Original equipment manufacturer for infinitely variable transmissions and hybrid electric solutions Integration of third party solutions for military and homeland security applications

Specialty Vehicles & Services Design, development and production of vehicles and equipment for use in construction, goods distribution and urban services

Total Support & Services Maintenance, repair and overhaul of military platforms, weapons systems and ground support equipment Inspection and accident repair of private and commercial vehicles Through-life support of automotive assets including preservation and spares management Industrial test services

FACTS Market leader in commercial class asphalt pavers in North America World’s leading 40mm solutions provider, delivering the widest and most innovative range of payload solutions Worldwide clientele from more than 30 countries 101 patents filed, of which 53 have been granted 5,257 staff

MAJOR DEVELOPMENTS IN 2008 Secured contract of about £150m for more than 100 Bronco All Terrain Tracked Carriers from the UK Ministry of Defence (UK MoD) Secured contract for the supply of 120mm Super Rapid Advanced Mortar Systems (SRAMS) worth US$31.6m to a Gulf States customer Secured two ammunition supply contracts worth a total of about $119.7m from the UK MoD Increased shareholding in STAR Automotive Centre (Zhejiang) Co., Ltd. to 100% Set up a wholly-owned subsidiary in Mexico – VT Specialized Vehicles, S.A. de C.V. – to sell VT SVC’s specialty vehicles in Mexico and Latin America Launched three new products for road construction sector

  • series 9000 Paver (wheeled), 705 Grader and upgraded

Maximizer III Distributor truck Delivered Hybrid Electric Tow Tractors HETT20 to SATS for operations at Changi Airport Terminal 3 Launched STAR BLACK in June – an independent premium service centre that delivers personalised comprehensive automotive services exclusively for BMW and Mercedes Benz cars Set up Cold Spray Research Centre jointly with NTU, the first research centre in Southeast Asia Signed memorandum of collaboration with Singapore Polytechnic to jointly set up Solar Energy Test-bedding and Applications Centre for next generation solar cells

REVENUE IN $m

FY 08

822

FY 07

863

PROFIT BEFORE TAX IN $m

FY 08

75.2

FY 07

96.6

CORE CAPABILITIES In-house Design Expertise Custom designed naval and commercial vessels Lightweight ship design Stealth technology

Total Naval Solutions Design, build, own and operate services Engine overhaul and submarine maintenance Depot repairs, on-base maintenance and through-life services

Shipbuilding Expertise Extensive water jet expertise Thin gauge steel and aluminium construction for naval vessels Onboard system installation and integration Testing and commissioning

Shiprepair and Conversion Upgrading and jumboisation, refurbishment and reactivation Conversion of commercial vessels, eg: seismic, dredgers

Environmental Engineering Waste transfer and sorting technology Mechanical biological treatment and pre-treatment process Waste-to-Energy resource recovery technology Landfill rehabilitation, gas extraction and restoration

FACTS Five shipyard facilities – two in Singapore and three in the US Track record in the design and construction of sophisticated naval and commercial vessels, as well as high engineering content shiprepair services, including ship conversions Designs and develops a variety of vessels including landing ship tanks, stealth frigates, patrol vessels, feeder container vessels, RoRo/LoLo vessels, platform supply vessels, LPG tankers, high speed passenger ferries, fisheries survey vessels, articulated tank barges, and pure car truck carriers 38 patents filed, of which 25 have been granted 1,615 staff

MAJOR DEVELOPMENTS IN 2008 Two significant naval shipbuilding contracts clinched, one for the Phase II contract of Fast Missile Craft project for the Egyptian Navy worth US$393m, and another $200m to build a landing platform dock for a navy in the Asia Pacific region – its first export of the Landing Ship Tank design Secured total commercial contracts worth about $183m to build a diving support vessel, seismic vessel and anchor handling tug supply vessel to support new customers in the deepwater sector as well as about US$90m to build three platform supply vessels for its customers, L&M Botruc and Candies Shipbuilders in the US Shiprepair won contracts of about $60m for the conversion of a seismic research vessel and jumboisation of a derrick pipelay barge Delivered final locally built stealth frigate, RSS Supreme, to the Republic of Singapore Navy, and the last two of four 1030 TEU feeder container vessels Environmental engineering business delivered waste compactor systems to Keppel Seghers for their Qatar project. Also completed and secured two separate EcoPark planning projects in China and Singapore respectively

Annual Report 2008

ENGAGING IDEAS DELIVERING PROMISES

Singapore Technologies Engineering Ltd

55

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