View - Singapore Technologies Engineering

• AEROSPACE• ELECTRONICS• LAND SYSTEMS• MARINEWE CONTINUE TO CREATE SHAREHOLDERS VALUEIN MORE WAYS THAN ONETrain drivers can now be trained in ST Elect’s Cabin Simulator beforethey ride the tracks.our US branding, we moved ahead in June torestructure our businesses and rationalise our plansfor all of our sectors.Prior to the rationalisation, ST Engg’s presencein the US had been focused in the aerospacemaintenance, repair and overhaul businesses inMobile, Alabama, and Dallas,Texas.The new USorganisation structure under the branding,VisionTechnologies Systems, integrates ST Engg’s fourcore businesses – Aerospace, Electronics, LandSystems and Marine – in the US in order that therespective business groups may directly undertakeprojects and ventures, and exploit opportunitiesavailable in the US.This new structure will effectivelyfacilitate control, growth, market recognition,and scalability within the US. Given that the USORDER BOOKleads the current technological revolutionin e-business, the US group will also serveas a conduit to keep us abreast of the latesttechnological and industrial advances andchanges, and to channel and share suchknowledge for possible application in thenon-US businesses within the ST EnggGroup.EUROPE AS A THIRDLEG OF GROWTHWe have reviewed our plans for Europe aspart of our growth strategy.We intend todevelop in a similar manner that we havein the US, but we anticipate that this will beon a small-scale initially.We shall buildupon our existing contacts. In order to spurthe development of our business in Europe,we shall station a senior management teamthere.They will undertake marketing aswell as developing strategic relationshipswith our partners.This is the third leg of ourgrowth strategy, which should see us become finallyestablished within Europe during the next few years.A VOTE OF THANKSOnce again with the strong support of our shareholders,our customers, our staff, our suppliers, ourpartners, our Chairman and the Board of Directorsof ST Engg and its operating units, we have donewell as a Group.Appreciation is also due to our shareholders forstrongly endorsing our new share option plan andshare issue mandate at the Extraordinary Meetingheld in November.Without the confidence, support and understandingof all these constituents we would not havebeen able to achieve many of the successes that wehad this year.Who can engineer dreams into reality?Backed by our expertise in automotive and ordnance technologies, Singapore Technologies Kinetics hasdeveloped and produced Singapore’s very own Infantry Fighting Vehicle - the Bionix - and the All TerrainTracked Carrier. International accolades have also been received for our SAR 21, the first assault rifle ofits class with an integrated laser aiming device.From the upgrade of military vehicles such as the AMX-13 tank and M113 Armoured Personnel Carrier;to the production of munitions ranging from the 40mm Automatic Grenade Launcher and its self-destruct“green” grenades, customised weapon stations and air defence guns to the FH 2000 52 calibre 155 mmhowitzer and its cargo rounds, ST Kinetics is the region’s leading total solutions provider for the armedforces. In the commercial arena, we provide comprehensive services in vehicle inspection and accidentrepairs, fleet maintenance, parts distribution and a variety of laboratory and industrial test services.With the combined experience and resources of ST Aero, ST Elect, ST Kinetics and ST Marine, SingaporeTechnologies Engineering is a one stop provider of engineering solutions, from turnkey projects to customisedupgrades.www.stengg.comWith a firm order book of S$5.1 billion, of whichS$1.8 billion will be delivered in 2001, weexpect our performance in 2001 to be betterthan 2000. Post balance sheet, we haveannounced new orders amounting to S$194million for our various sectors. In the meantime,we must ensure that we are well placedto ride the waves of change of tomorrow.We look forward to your continued support tobring about many more good years ahead.8 February 2001We can.We take Engineering further40 • visionFor more on Land Systems Sector, turn to page 84