ST Engineering stock price drops 2% to S$9.71 as drone-autonomy tie-up grabs attention
Singapore, Feb 7, 2026, 14:58 SGT — The market has shut for the day.
Shares of Singapore Technologies Engineering Ltd slipped 1.9% to close at S$9.71 on Friday. The defence and aerospace firm was back in the spotlight with news tied to the Singapore Airshow. 1
Shares dropped more sharply than the wider Singapore market, down 0.8% on Friday amid a tech-driven rout hitting Asian stocks. 2
Timing is critical for ST Engineering. The company has surfaced in conversations as drone demand surges at the airshow. U.S. drone firms are courting Asian defense buyers, pitching military platforms against a backdrop of escalating security worries across the region. Shield AI’s co-founder Brandon Tseng told Reuters that…
