ST Engineering bags big order to sell ammo to NATO for killing Russians

[Rogue Trader]

ST Engineering bags over S$100 million of ammunition orders from Europe​

The group’s order book stood at S$27.7 billion as at end-March

Tay Peck Gek​

Published Mon, Jun 17, 2024 · 12:00 PM​

ST Engineering showcased 155mm ammunition at the Singapore Airshow in February. PHOTO: ST ENGINEERING
ST Engineering


SINGAPORE Technologies Engineering : S63 +1.26% (ST Engineering) has won ammunition orders of more than S$100 million in total value from Europe between April and early June, the group announced on Monday (Jun 17).

Specifically, the orders are for 155 millimetre (mm) ammunition and 40mm ammunition – both of Nato-standard – ST Engineering said, without giving a breakdown of the contract values for these two types of ammunition or naming the new customers.

Nato or North Atlantic Treaty Organization, an intergovernmental military alliance with 32 members, is reportedly set to take over from the United States the coordination of arms deliveries to Ukraine, which is at war with Russia.

ST Engineering’s 155mm ammunition system has an extended-range high-explosive projectile and modular charge system designed for 155mm gun howitzers with 39 and 52-calibre barrels.

As for the 40mm ammunition, it has more than 58 variants and the engineering ability to customise the munition to meet unique operational needs of users from over 40 countries.

ST Engineering’s Defence and Public Security segment, which the latest order-winning Land Systems is a part of, bagged about S$1.7 billion worth of orders in the first quarter of FY2024 to March. The group’s order book stood at S$27.7 billion as at end-March.

Shares of ST Engineering closed S$0.06 or 1.5 per cent lower at S$3.98 on Friday.

 

[Papsmearer]

Finally, the morons sold something. They were the just about the last vendor NATO went to. With the dire need for ammo and armour vehicles, I am shocked they have not sold much more stuff.

 

[red amoeba]

biden is running out of steam. Israel needs ammo, Ukraine needs to resell them to Iran to earn some moolah....ST has old stocks to clear....perfect match.

 

[laksaboy]

Why not? All belong to the same team. The ones who are stirring shit in Ukraine (not Russia) are the same folks who pushed the anti-carbon 'sustainability' fraud and the Covid bioweapon shots.

The PAP technocrats are genuinely evil. Not merely greedy or 'tolerable despite the occasional cockup'. Once you acknowledge this, the rest is easy.

 

[eatshitndie]

more foreign workers needed for these factories to churn out munitions. huuuaaat aaahhh!

 

[Charlie99]

biden is running out of steam. Israel needs ammo, Ukraine needs to resell them to Iran to earn some moolah....ST has old stocks to clear....perfect match.

Is Ukraine reselling ammo?

 

[steffychun]

War Crimes?

 

[batman1]

How much is the kickback ?

 

[mahjongking]

biden to zelensky.......here's 60 billion of unbacked useless printed money....take this and buy things from some unsuspecting moronic countries.....

 

[Papsmearer]

biden is running out of steam. Israel needs ammo, Ukraine needs to resell them to Iran to earn some moolah....ST has old stocks to clear....perfect match.

Are u stupid or something? Ukraine resell them to their enemy Iran.? LOL. U are such a fucking retard

 

[Papsmearer]

The only crime is when you open your cheebye mouth Stuffycunt

War Crimes?