Business

RTX to Make More Investments in Singapore

Global aerospace firm RTX and the Singapore Economic Development Board (EDB) on Wednesday signed a Memorandum of Understanding (MOU) which outlines a 10-year roadmap to further long-term strategic collaboration in Singapore.

This agreement reaffirms RTX’s longstanding commitment to Singapore and its role as a key hub for RTX’s global operations, particularly in aerospace maintenance, repair and overhaul, advanced manufacturing and innovation.

This MoU is the latest example of the mutually beneficial long-term partnerships between RTX and EDB, reinforcing both parties’ commitment to Singapore’s position as a strategic node in RTX’s global network. It sets the stage for strategic investments and collaborations across core areas.

They include Advanced Manufacturing, Maintenance, Repair and Overhaul (MRO), Artificial Intelligence and Innovation Talent and skills development, and Foundational technologies for next-generation platforms.

Paolo Dal Cin, Senior Vice President, Operations and Supply Chain at RTX, said that the MOU builds on their decades-long partnership with Singapore creating new opportunities to explore innovation and future growth in the aerospace sector.

It represents the company’s shared vision for building a strong future focused on technology, advanced manufacturing and talent development in the Asia-Pacific region, he said.

“Singapore’s longstanding partnership with RTX, a globally leading aerospace company, bears testament to our standing as Asia’s leading aerospace hub. We are heartened to see RTX’s growth in Singapore to capture aerospace and aviation growth opportunities in Asia Pacific region. We are excited to witness the build-out of new capabilities in advanced manufacturing and innovation in the coming years, which will bring significant value to the ecosystem,” Cin added.

Cindy Koh, Executive Vice President at EDB, said that Singapore is RTX’s third largest commercial footprint outside of the US., a result of strong support from the Singaporean government and its strategic location near major markets in the region.

It serves as RTX’s commercial aviation operational hub in Asia Pacific, the fastest- growing region in the aviation industry. For over 50 years, RTX has had a presence in Singapore serving as the country’s largest foreign aerospace and defence employer, with more than 4,300 employees across 12 factories.

RTX continuously invests in strategic partnerships to design, develop and produce innovative solutions that support the growing defence and commercial aviation customer base in Asia Pacific.

Other Investments

RTX’s investments since 2024 include Collins Aerospace moves to new $250 million manufacturing facility in Seletar Aerospace Park, Pratt & Whitney invests $20 million to grow manufacturing capacity for GTF turbine disks by 45% besides expanding GTF MRO capacity by two-thirds at Eagle Services Asia.

Pratt & Whitney Canada added new overhaul line for PT6C-67C engines powering AW139 helicopters and launched full operations of the Singapore Technology Accelerator (STA) to develop innovations that will roll out across its global MRO operations.

Global Business Magazine

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