The new 2002 ST features large-volume pannier bags that offer even greater volume, as well as greater ease of use. Its two compact yet roomy, aerodynamically designed panniers each feature a capacity of 35 litres, and combine with its large, new 45-litre optional trunk for a total capacity of 115 litres. Adding fully 12 litres to the carrying capacity of the current ST, this enormous capacity exceeds that of the average 103-litre large-sized hard suitcase while being considerably easier to carry to and from the bike. Each pannier can hold a full-face helmet and much more, and the optional rear trunk is big enough to carry two helmets, or enough clothing and equipment for the tour of a lifetime.

These new panniers also feature strong stopper straps that hold the lids open to approximately 90 degrees for easier access without fear of dropping any of their contents while the bags are mounted on the bike. The straps can be easily detached to allow the panniers to be fully opened like a suitcase for packing or unpacking on a hotel bed.

Carrying convenience also extends to the forward fairing's handy side pockets. The left-side pocket offers the carrying volume of a standard automobile console component and features key lock security; the right-side pocket is covered by a weather-resistant resin lid. Both allow the rider to place smaller traveling necessities within easy reach.

Engine capacity has been boosted from 1,084 to 1,261cm3 with increases to both its bore and stroke. The new engine is also more compact and shorter in overall length than that of the current model. The current model's wide belt-driven cam drive was replaced with a slim, new chain drive for lighter weight, while the combined result of these changes is a 60mm reduction in engine length and a major reduction in the number of their respective component parts. Also, in order to realise a lower centre of gravity for the engine, its crankshaft was lowered 20mm within the crankcase.

The engine's four valve per cylinder double overhead cam design continues to ensure strong, reliable performance and superb combustion efficiency. Its cam-over-bucket direct valve actuation keeps operation simple while reducing maintenance requirements, and when routine maintenance does become necessary, the engine's head covers are positioned for easy access that allows even major operations to be performed with ease.

Like several of Honda's most high-performance Super Sport motorcycles, the new STX now features advanced aluminium composite cylinder sleeves that are lighter in weight, more resistant to wear and more effective at transferring heat than conventional iron sleeves. Riding inside these new sleeves are lighter weight new aluminium pistons which feature a new 'Lube-Coat' surface process that reduces friction and contributes to the engine's sharper response and acceleration.

The ST now also features a new Honda PGM-FI fuel injection system that provides precise control over engine operations, ensuring quick starts and smooth performance, whatever the weather and altitude. Mounted deep in the V of the two cylinder banks, the system's 36mm throttle bodies and new 8-hole injectors deliver instant, full-bodied throttle response , stronger power and better fuel economy. The ST's computerised electronic ignition also makes a significant contribution to this increased power output, and ensures optimal performance throughout the engine's wide powerband.

A new, large-capacity air cleaner sits over the injectors, providing large volumes of cool, smooth-flowing air to the cylinders through newly configured intake ports. The ST's new 4-into-2 exhaust system terminates into a pair of attractive triangular-section stainless steel silencers that taper inward from top to bottom.

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