Singapore's biggest defence technology firm wants to be a major global player, focusing not just on defence capabilities but also smart city solutions. It aims to help growing urban centres tackle pressing issues such as traffic congestion, management of water resources, physical and cyber security.

"Our plan is that two-thirds of our future growth will come from the global market, outside Singapore. We want to be much more global than we are today and make our mark in the international defence business and in the area of smart city solutions," said Mr Vincent Chong, president and chief executive of ST Engineering.