EDB, US aerospace giant RTX sign MOU to invest, partner in AI and skills development
[SINGAPORE] The Singapore Economic Development Board (EDB) and US aerospace conglomerate RTX announced on Wednesday (Jun 18) that they have inked a memorandum of understanding (MOU) detailing a 10-year roadmap to further long-term strategic collaboration in Singapore.
The agreement affirms Singapore's role as a key hub for RTX's global operations, particularly in aerospace maintenance, repair and overhaul (MRO), advanced manufacturing and innovation, and the company's longstanding commitment to the country.
Additionally, the MOU sets the stage for strategic investments and collaborations across other core spaces, such as artificial intelligence, talent and skills development, and foundational technologies for next-generation platforms.
'The agreement builds on our decades-long partnership with Singapore and creates new opportunities to explore innovation and future growth in the aerospace sector,' said Paolo Dal Cin, senior vice-president for RTX's operations and supply chain.
Singapore is RTX's third-largest commercial footprint outside of the US, serving as the organisation's commercial aviation operational hub in the Asia-Pacific, which is the fastest-growing region in the aviation industry.
The company has had a presence in Singapore for over 50 years, serving as the Republic's largest foreign aerospace and defense employer, with more than 4,300 employees across 12 factories.
Earlier in February 2024, RTX business unit Pratt and Whitney announced its full operations of the Singapore Technology Accelerator (STA) in collaboration with EDB. The STA technology projects focus on automation, advanced inspection, connected factory and digital twin, developed to improve MRO shop performance, and are applied across four Pratt & Whitney Singapore-based MRO facilities.
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