Govt-linked ST Engineering gets $2 billion sweet deal from Singapore Navy

Yahoo! Finance Singapore, 19 Feb 2013
According to Phillip Securities, on 30 Jan 2013, STE announced that they had been awarded a contract for the design and construction of eight new vessels to replace the existing Fearless-Class Patrol Vessels for the Singapore Navy.
Design of these vessels will commence immediately with delivery scheduled from 2016 onwards. The firm believes that this contract could be one of the biggest naval shipbuilding projects for ST Marine in recent history. Full story