Business
RTX to invest $139 million in Singapore, signing multiple MOUs with Economic Development Board
Today at the Singapore Air Show, RTX (NYSE: RTX) signed multiple memoranda of understanding with the Singapore Economic Development Board (EDB), further strengthening its long-term commitment to the country's aerospace ecosystem. These MOUs build on the first agreement announced in July 2025 and underscore RTX's confidence in Singapore as a strategic hub for advanced aerospace manufacturing; maintenance, repair and overhaul; and high-value engineering capabilities.
About this update from Rtx Corporation
[{"type":"text","content":"New agreements with Collins Aerospace and Pratt & Whitney will reinforce the country's role as a leading Asia Pacific aerospace hub","length":139,"tagName":"p"},{"type":"text","content":"SINGAPORE, Feb. 3, 2026 /PRNewswire/ -- Today at the Singapore Air Show, RTX (NYSE: RTX) signed multiple memoranda of understanding with the Singapore Economic Development Board (EDB), further strengthening its long-term commitment to the country's aerospace ecosystem. These MOUs build on the first agreement announced in July 2025 and underscore RTX's confidence in Singapore as a strategic hub for advanced aerospace manufacturing; maintenance, repair and overhaul; and high-value engineering capabilities.","length":517,"tagName":"p"},{"type":"text","content":"Under the new agreements, RTX businesses Collins Aerospace and Pratt & Whitney will expand and introduce new capabilities in Singapore to support next-generation commercial aircraft platforms and meet growing regional demand. In total, RTX will invest over $139 million.","length":274,"tagName":"p"},{"type":"text","content":""With more than 4,300 employees across 12 facilities, RTX is Singapore's largest foreign aerospace and defense employer," said Chris Haave, vice president, International Operations, Global Government Relations at RTX. "These new MOUs build on our 50-year presence in the country and reflect our continued commitment to Singapore as a strategic hub for developing next-generation aerospace technologies. Together with EDB's strong support, we are investing in capabilities that will support our customers in the region, creating high-value jobs and aligning with the nation's ambition to remain a global leader in aerospace."","length":656,"tagName":"p"},{"type":"text","content":""Signing these MOUs will further deepen the longstanding partnership between RTX and Singapore," said Cindy Koh, Executive Vice President, Singapore Economic Development Board. "These investments bear testament of RTX's strong confidence and commitment in Singapore's stable, trusted and comprehensive aerospace ecosystem. The expansion of new capabilities in next-generation commercial aircraft platforms will strengthen Singapore's leadership as a global aerospace hub, and create exciting jobs for locals in advanced manufacturing...