It is the component/ engine repair and overhual segment that saw the plunge in profits, the actual same segment that overlapped with SIA engineering.
Personally, I think we cannot use one quarter of results to assume worse to come for SIA engineering, but I think it is a bit of stretch to lump ST with SIA engineering together.
This segment forms only 30% of ST aerospace revenue, the rest of the segment show more nuance fall in profitability. In terms of geography, Europe form less than 10% of revenue. Further dilute this with the Electronics, Marine, and Land System segment, you get to sleep soundly. I ...
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