ST Engineering has announced organizational changes that will position the group for its next phase of growth, and propel it towards its aspiration to become a global technology, defence and engineering powerhouse. Effective January 1, 2021, ST Engineering will be reorganized as Commercial and Defense & Public Security clusters, replacing the sector-structure of Aerospace, Electronics, Land Systems and Marine.
The new organization structure is designed to enable better execution of the group’s global growth strategy of strengthening its core businesses, and pursuing growth in smart city and international defense businesses. It is also designed for customer-centricity, enabling the business clusters to build deeper and more strategic customer partnerships. This change provides greater effectiveness in resource allocation, and also helps accelerate the development of deeper domain expertise to further enhance the performance of its businesses.
The commercial cluster will fuel the group’s international growth through areas in Commercial Aerospace, Urban Solutions and Satellite Communications domains, to be known as Global Business Areas (or GBAs) to reflect the group’s desire to build global champions. The Commercial Aerospace GBA will continue to drive long-term growth of the aerospace businesses in Aerostructures and Systems, MRO and Aviation Asset Management. Similarly, Urban Solutions and Satellite Communications teams will drive the group’s smart city business growth. This cluster combines the group’s smart city technologies and capabilities, which now reside in the four sectors, into one integral unit.
The Defense & Public Security cluster will integrate capabilities to be organized as a single cluster comprising Defense Business Areas or DBAs, namely Digital Systems and Cyber, Land Systems, Marine and Defense Aerospace. The design of this cluster is aligned to the integrated approach for defense technology development and deployment as well as customer engagement. This cluster will focus on serving the evolving needs of its customers in defense and public security as well as critical infrastructure segments. It will also continue to pursue growth in international defense, and public safety and security businesses.
