Collins Aerospace relocating Singapore plant to new $250M manufacturing facility in Seletar Aerospace Park, Singapore

Rhea-AI Summary

Collins Aerospace, an RTX (NYSE: RTX) business, has announced plans to relocate its Singapore manufacturing facility to a new $250 million state-of-the-art site in Seletar Aerospace Park. The move represents a significant investment and commitment to innovation in the aerospace industry. Construction is scheduled to begin in Q4 2025, with completion expected by 2027 and production commencing in 2028.

The new facility will transfer operations from the current Bedok site, maintaining dual production capability during a multi-year transition. This strategic relocation aims to enhance Collins' capabilities in aerospace components' design, development, and production. The company has been present in Singapore since 1975 and has established strong relationships with key airframers over the past 50 years.

Positive

• Investment of $250 million in a new state-of-the-art manufacturing facility
• Enhanced capabilities for aerospace components' design, development, and production
• Strategic location in Seletar Aerospace Park, home to leading aerospace companies
• Continuation of strong relationships with key airframers like Airbus, Boeing, and Embraer

Negative

• Multi-year transition period may pose operational challenges
• Potential disruption to production during relocation process

News Market Reaction

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+1.16% News Effect

On the day this news was published, RTX gained 1.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LONDON, July 24, 2024 /PRNewswire/ -- Farnborough Air Show  — Collins Aerospace, an RTX (NYSE: RTX) business, today announced the relocation of its Singapore manufacturing facility to a new, state-of-the-art site in Seletar Aerospace Park, Singapore. This move represents a significant investment of $250 million and will bolster the company's capabilities and commitment to innovation and excellence in the aerospace industry.

Scheduled to begin construction in the fourth quarter of 2025, the new facility is expected to be completed by 2027. This strategic relocation will enable Collins to transfer its operations from the current Bedok site to the new Seletar Aerospace Park location, approximately 15 miles (24 kilometers) away. Production is anticipated to commence in 2028, with dual production capability maintained at the Bedok facility over a multi-year transition plan.

"This new facility will be a hub of innovation, leveraging cutting-edge technology to support aerospace components' design, development and production," said Henry Brooks, president, Power & Controls for Collins Aerospace. "Our investment in Seletar Aerospace Park underscores our long-term commitment to Singapore and to providing our customers with the highest quality products and services."

Seletar Aerospace Park is home to the world's leading aerospace companies. Employees currently based at Bedok will play an integral role in the transition and future operations at the new facility, ensuring continuity and leveraging their extensive expertise.

Collins has a rich history in Singapore as one of the first aerospace companies to establish a presence in the country in 1975. Over the past 50 years, the Bedok site has built strong relationships as a supplier to key airframers, including Airbus, Boeing, Bombardier, Embraer and Gulfstream.

"We welcome Collins' decision to transform its Singapore operations into a new state-of-the-art manufacturing facility," said Cindy Koh, executive vice president of the Singapore Economic Development Board (EDB). "This significant investment is testament to Singapore's strengths as a location for advanced manufacturing and is a good example of how we are partnering with leading aerospace companies on their long-term growth. We look forward to the new manufacturing capabilities and technologies that will be introduced in this facility."

To maintain the security of supply and manufacturing continuity, the transfer of products from Bedok to Seletar will adhere to Collins' AS9100-compliant work transfer process. This process includes comprehensive risk mitigation strategies and ensures conformity to our customer contractual obligations.

"We are committed to making this transition as seamless as possible for our customers," said Aaron Tan, senior director for Global Ops, Singapore Operations at Collins. "Our focus remains on delivering on our commitments and maintaining the high standards of quality and service that our customers expect."

About Collins Aerospace
Collins Aerospace, an RTX business, is a leader in integrated and intelligent solutions for the global aerospace and defense industry. Our 80,000 employees are dedicated to delivering future-focused technologies to advance sustainable and connected aviation, passenger safety and comfort, mission success, space exploration, and more.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com.

 

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SOURCE RTX

FAQ

When will Collins Aerospace's new Singapore facility begin construction?

Construction of Collins Aerospace's new facility in Seletar Aerospace Park, Singapore, is scheduled to begin in the fourth quarter of 2025.

How much is RTX investing in the new Collins Aerospace facility in Singapore?

RTX is investing $250 million in the new Collins Aerospace manufacturing facility in Seletar Aerospace Park, Singapore.

When is production expected to start at Collins Aerospace's new Singapore facility?

Production at Collins Aerospace's new facility in Seletar Aerospace Park, Singapore, is anticipated to commence in 2028.

How far is the new Collins Aerospace facility from the current Bedok site?

The new Collins Aerospace facility in Seletar Aerospace Park is approximately 15 miles (24 kilometers) away from the current Bedok site.