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Singapore Defence Industry 2H10
Emerging Markets Direct, Aug 2010, Pages: 33
‘Singapore Defence’ includes the country’s defence environment, military expenditure, import and export of arms and others. As a country that is one of Asia’s best equipped militaries, Singapore plans to spend a staggering SGD11.46bn on its defence during FY2010 after slight increase of SGD8mn from the previous fiscal of SGD11.45bn.
In order to enable its army forces to possess capabilities to combat decisively in wars to counter terrorism as well as conduct peacekeeping and humanitarian operations through interconnected land, air and sea defence operations, the operation of the 3rd Generation RSAF was undertaken. In which, F-15 fighter, Boinix II, F-16D 52+ Fighting Falcon were added to its fleet.
Also, this report includes the leading players in Singapore’s defence industry – Singapore Technologies Engineering (ST Engineering), DuPont, Eagle Engineering Aerospace and Strategic Marine. ST Engineering specialises in providing solutions in the aerospace, electronic, land systems and marine industries. Despite a challenging economic environment, ST Engineering registered robust growth of 3.78% in its turnover in 2009 to reach SGD5.55bn, over previous year’s SGD5.35bn.
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