Advertisement

ST Engineering Secures $600 Million Contract to Build Missile Gun Boats for Kuwait Naval Force
Money

Advertisement

ST Engineering's marine division has been awarded a six-year subcontract valued at $600 million from Abu Dhabi Ship Building (ABSB) to construct eight missile gun boats for the Kuwait Naval Force.

In a statement released on April 1, ST Engineering announced that it will design and supply the platform systems for the fleet, with three of the vessels set to be built at its shipyard in Singapore.

The missile gun boats will be based on ST Engineering's proprietary Fearless-class patrol vessel design.

Initially introduced by the Republic of Singapore Navy in 1995, four of these vessels were refurbished and reactivated 26 years later as Sentinel-class Maritime and Security and Response Vessels.

According to ST Engineering, the Fearless-class patrol vessels are "purpose-built for versatility and reliability," making them "well suited for operations in the Middle East for prolonged patrols and naval duties in challenging maritime environments."

This announcement follows a previous contract awarded to ST Engineering in 2021 for the construction of four similar offshore patrol vessels for the United Arab Emirates Navy.

"We are honored that the Kuwait Naval Force has chosen our Fearless-class design for their new missile gun boat," stated Tan Leong Peng, president of the marine business at ST Engineering.

"The increasing acceptance of our design across the Middle East, including Oman, UAE, and now Kuwait, showcases customer confidence in its robust operational performance and adaptability."

[email protected]

Advertisement

line Recommend Recommend
Gold prices in Dubai jump over Dh9 per gram amid Rising Middle East Tensions
Gold prices in Dubai jump over Dh9 per gram amid Rising Middle East Tensions
Singapore REITs: Are they worth buying now?
Singapore REITs: Are they worth buying now?
Retirement Planning for Women: Why a Personal Fund Can Change Your Future
Retirement Planning for Women: Why a Personal Fund Can Change Your Future
Singapore's Investment Landscape in 2025
Singapore's Investment Landscape in 2025
Singapore attracted increased investment in 2025 despite uncertainties in geopolitics and the economy. According to data released on Monday (Feb 9) by Singapore's Economic Development Board, China played a significant role in the total commitments and business expenditures.
uSMART SG lets you earn up to 8.88% interest on your ang bao money this CNY
uSMART SG lets you earn up to 8.88% interest on your ang bao money this CNY
It's Chinese New Year again, and that fat stash of ang bao money feels like it's permission to live a little larger, at least for the time being. While some of us are taking our cash straight to our favourite fancy restaurant, others are looking to strike gold at the nearest mahjong table.
OCBC posts 3% rise in Q4 profit to $1.75b, declares special dividend
OCBC posts 3% rise in Q4 profit to $1.75b, declares special dividend
Singapore's Oversea-Chinese Banking Corp (OCBC) delivered strong profits of $1.74 billion in the fourth quarter of 2025, and announced a final ordinary dividend of 42 cents per share, along with a special dividend of 16 cents per share.
Singapore Airlines sees record $5.5b revenue in Q3 but profit falls 69%
Singapore Airlines sees record $5.5b revenue in Q3 but profit falls 69%
National carrier Singapore Airlines (SIA) saw a 68.9 per cent drop in its net profit in the third-quarter of 2025/2026, it reported after markets closed on Tuesday (Feb 24).
Market Reactions to Trump's Remarks on Iran Conflict
Market Reactions to Trump's Remarks on Iran Conflict
SINGAPORE — On Thursday (April 2), stocks experienced a decline, the dollar strengthened, and oil prices increased following US President Donald Trump's announcement that Washington's "core strategic objectives" in the Iran conflict are close to completion. However, he did not provide a definitive timeline for the conclusion of the conflict.
mm2 Asia Reports Increased Net Losses and Decreased Revenue in 2026
mm2 Asia Reports Increased Net Losses and Decreased Revenue in 2026
mm2 Asia, the local media entertainment company that owns Cathay Cineplexes, has encountered further financial difficulties, with its net losses soaring to $101.3 million in the second half of the 2026 fiscal year.
Choosing Between New Launch and Resale Condo in Tampines
Choosing Between New Launch and Resale Condo in Tampines
```html