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July 2007

ST Engineering's US Company Sets Up Subsidiary To Expand Government Business

iDirect Government Technologies, Inc. (iGT) to service growing volume of classified contracts and meet increasing government demand for iDirect solutions

Singapore, 26 July 2007 — Singapore Technologies Engineering Ltd (ST Engineering) today announced that its US company, Vision Technologies Systems, Inc. (VT Systems), has set up a wholly-owned subsidiary, iDirect Government Technologies, Inc. (iGT) through iDirect Inc. (iDirect).

The setting up of iGT is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

IGT will focus its business on driving the broader adoption of its IP-based satellite networking solutions in the government market.   John Ratigan, who has served as iDirect’s vice president for US federal sales, has been named President of iGT.

Satellite networks increasingly play a critical role in government and defence applications – from mobile communications to global logistics and disaster recovery. iDirect’s bandwidth-efficient, highly secure, IP-based platform has rapidly become the technology of choice for many mission-critical applications. In just four years, multiple US government agencies and military branches have selected iDirect to support diverse operations domestically and abroad, including:

• The Combat Service Support (CSS) VSAT network, which enables combat support personnel to transmit supply requisitions remotely in real time, eliminating the need to expose couriers to unnecessary danger
• Command and control units, which are adopting iDirect’s Communications on the Move (COTM) solution to achieve more cost-efficient use of ultra-small antennas on aircraft, maritime and land-based vehicles and establish global mobile networks
• Emergency communications services provided by the U.S. National Guard and the Federal Emergency Management Agency (FEMA)
• The Morale Welfare and Recreation Program, which allows troops overseas to communicate with family members both by phone and email

iDirect has achieved a double-digit annual growth rate in government sales in recent years, and its technology platform is now widely considered the standard for IP-based satellite communications within the US Government . Setting up iGT will allow iDirect to focus on the specialised demands and opportunities of the government market.

Seah Moon Ming,
Co-Chairman, iDirect Inc

iDirect has developed the leading satellite platform for government and defence  communications and the only TRANSEC compliant, FIPS certified security package in the satellite industry that meets the stringent requirements set forth by the National Institute of Standards and Technology. We’ve earned the trust to serve many of the government’s most critical communications efforts and are well prepared to meet the rapidly growing demands of the US government as well as government organisations worldwide.

John RATIGAN
President, iDirect Government Technologies

iDirect Inc., a company of Vision Technologies Systems Inc., designs, develops, and markets satellite-based broadband access solutions targeted at the enterprise, government, carrier and educational sectors that have the need for fast, flexible, and geographically dispersed two-way internet/intranet access. The company has developed technology solutions that combine high performance, worldwide availability, and ease of installation, high reliability, and low cost to end customers. In addition, iDirect solutions offer unprecedented efficiencies, increased revenue opportunities and higher per customer gross margins to satellite network operators. iDirect was awarded the 2005 World Teleport Association Teleport Technology of the Year, the Innovation & Technology of the Year by The ISCe Advisory Board, and named number one in the Deloitte & Touche Virginia Technology Fast 50 list of the fastest-growing U.S. technology companies. iDirect operates its corporate headquarters in Herndon, Virginia and has regional offices in Europe, Asia, and covering Latin America. Additional information is available on the company website at www.idirect.net.

Vision Technologies Systems, Inc., and its subsidiaries are preferred providers of engineering solutions, products, integrated systems, and services in the Americas across the core business areas of marine, aerospace, electronics and land systems. Headquartered in Alexandria, Virginia, VT Systems operates throughout North America and offers a broad range of proven innovative services to both the commercial and government sectors. VT Systems is a wholly owned subsidiary of Singapore Technologies Engineering Ltd. Please visit www.vt-systems.com.

ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors.  Headquartered in Singapore, the Group reported revenues of $4.49b in FY2006.  With a market capitalisation of over $10b, it ranks among the largest companies listed on the Singapore Exchange.  ST Engineering has more than 17,000 employees worldwide, and over 100 subsidiaries and associated companies in 20 countries and 35 cities. Please visit www.stengg.com.

Media contact:

Sharolyn Choy
VP/Director, Corporate Communications
Singapore Technologies Engineering Ltd
Tel: (65) 6722 1883
Fax: (65) 6720 2293
Email: sharolynchoy@stengg.com

Magdalen Loh
AVP / Head, Corporate Communications
Singapore Technologies Electronics Limited
Tel: (65) 6413 1788 / 9822 3321
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com