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

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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.

Collins Aerospace, un'azienda di RTX (NYSE: RTX), ha annunciato piani per trasferire il proprio stabilimento di produzione a Singapore in un nuovo sito all'avanguardia del valore di $250 milioni nel Seletar Aerospace Park. Questo spostamento rappresenta un investimento significativo e un impegno verso l'innovazione nell'industria aerospaziale. I lavori di costruzione inizieranno nel Q4 2025, con completamento previsto entro il 2027 e inizio della produzione nel 2028.

Il nuovo stabilimento trasferirà le operazioni dall'attuale sito di Bedok, mantenendo una capacità produttiva doppia durante una transizione multiannuale. Questo spostamento strategico mira a migliorare le capacità di Collins nella progettazione, sviluppo e produzione di componenti aerospaziali. L'azienda è presente a Singapore dal 1975 e ha stabilito solide relazioni con i principali costruttori di aeromobili negli ultimi 50 anni.

Collins Aerospace, una empresa de RTX (NYSE: RTX), ha anunciado planes para trasladar su planta de fabricación en Singapur a un nuevo sitio de última generación valorado en $250 millones en el Seletar Aerospace Park. Este movimiento representa una inversión significativa y un compromiso con la innovación en la industria aeroespacial. La construcción está programada para comenzar en Q4 2025, con finalización esperada para 2027 y producción iniciando en 2028.

La nueva instalación trasladará operaciones desde el actual sitio de Bedok, manteniendo una capacidad de producción dual durante una transición de varios años. Esta reubicación estratégica tiene como objetivo mejorar las capacidades de Collins en el diseño, desarrollo y producción de componentes aeroespaciales. La empresa ha estado presente en Singapur desde 1975 y ha establecido relaciones sólidas con los principales fabricantes de aeronaves a lo largo de los pasados 50 años.

콜린스 항공우주(RTX(NYSE: RTX)의 일부)는 싱가포르의 제조 시설을 새로 $2억 5천만 달러 규모의 최첨단 부지로 이전할 계획을 발표했습니다. 이번 이동은 항공우주 산업의 혁신에 대한 중요한 투자이자 헌신을 나타냅니다. 건설은 2025년 4분기에 시작될 예정이며, 2027년까지 완공될 것으로 예상되며, 2028년에는 생산이 시작될 것입니다.

새로운 시설은 현재의 베독(Bedok) 현장에서 운영을 이전하고, 다년간의 전환 기간 동안 이중 생산 능력을 유지할 것입니다. 이 전략적 이전은 항공우주 부품의 설계, 개발 및 생산에서 콜린스의 능력을 향상시키는 것을 목표로 하고 있습니다. 이 회사는 1975년부터 싱가포르에 자리잡고 있으며, 지난 50년 동안 주요 항공기 제작업체와 강력한 관계를 구축해왔습니다.

Collins Aerospace, une entreprise d'RTX (NYSE: RTX), a annoncé des plans pour relocaliser son site de fabrication à Singapour vers un nouveau site ultramoderne de 250 millions de dollars dans le Seletar Aerospace Park. Ce déménagement représente un investissement significatif et un engagement envers l'innovation dans l'industrie aérospatiale. La construction devrait débuter au 4ème trimestre 2025, avec une finition prévue pour 2027 et le début de la production en 2028.

La nouvelle installation transférera les opérations du site actuel de Bedok, en maintenant une capacité de production double durant une transition pluriannuelle. Ce déménagement stratégique vise à améliorer les capacités de Collins en matière de conception, de développement et de production de composants aérospatiaux. L'entreprise est présente à Singapour depuis 1975 et a établi des relations solides avec les principaux fabricants d'avions au cours des 50 dernières années.

Collins Aerospace, ein Unternehmen von RTX (NYSE: RTX), hat Pläne angekündigt, seine Produktionsstätte in Singapur an einen neuen, modernen Standort im Seletar Aerospace Park zu verlegen, der mit 250 Millionen US-Dollar bewertet ist. Dieser Schritt stellt eine bedeutende Investition und ein Engagement für Innovation in der Luft- und Raumfahrtindustrie dar. Der Bau soll im 4. Quartal 2025 beginnen, mit einer Fertigstellung, die bis 2027 erwartet wird, und die Produktion soll im 2028 beginnen.

Die neue Anlage wird die Betriebsabläufe vom derzeitigen Standort Bedok verlagern und während eines mehrjährigen Übergangs eine doppelte Produktionskapazität aufrechterhalten. Diese strategische Verlagerung zielt darauf ab, Collins' Fähigkeiten in der Planung, Entwicklung und Produktion von Luft- und Raumfahrtkomponenten zu verbessern. Das Unternehmen ist seit 1975 in Singapur präsent und hat in den letzten 50 Jahren starke Beziehungen zu bedeutenden Flugzeugherstellern aufgebaut.

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

Insights

The announcement of Collins Aerospace's relocation to a new $250 million manufacturing facility in Seletar Aerospace Park is significant from a financial perspective. Such a substantial investment shows the company's commitment to enhancing its production capabilities, potentially leading to better financial performance in the long run. This move could yield cost efficiencies and improve operational processes, which may positively impact the company's bottom line.

Investors should pay attention to the timeline of this project; with construction starting in late 2025 and production beginning in 2028, the financial benefits will likely be realized over the long term. During the transition, the company plans to maintain dual production capabilities, which is a prudent risk mitigation strategy that reduces potential supply chain disruptions.

This strategic investment also reflects confidence in Singapore's business environment. It aligns with trends of advanced manufacturing and innovation in the aerospace industry, potentially attracting more investors and strengthening Collins Aerospace's market positioning.

From a market research perspective, the move to Seletar Aerospace Park positions Collins Aerospace in a strategic location alongside leading aerospace companies. This co-location can foster collaborative opportunities and synergies, benefiting the company's technological advancements and market presence. The state-of-the-art facility underscores a commitment to innovation, which is important in the competitive aerospace sector.

The transition plan, including maintaining dual production at the current Bedok site, indicates a well-thought-out strategy to ensure continuity and reliability for customers. This approach mitigates risks associated with moving operations and helps maintain trust and satisfaction among key stakeholders such as Airbus, Boeing and other major clients.

As the aerospace industry continues to evolve, the ability to adapt and invest in cutting-edge technologies will be a competitive advantage. This investment positions Collins Aerospace to meet future market demands effectively.

The relocation to a new, technologically advanced facility is a significant stride for Collins Aerospace. This move will likely integrate modern manufacturing technologies such as automation, data analytics and AI-driven processes. These innovations can lead to higher efficiency, reduced production costs and enhanced product quality.

The mention of leveraging cutting-edge technology indicates a focus on staying ahead of technological trends in aerospace manufacturing. This can enhance the company's ability to design, develop and produce sophisticated aerospace components, catering to the increasing demand for advanced aerospace solutions.

Moreover, being situated in Seletar Aerospace Park, a hub for leading aerospace companies, provides access to a rich ecosystem of innovation and expertise. This environment can foster further technological advancements and collaborations, benefiting Collins Aerospace and its clients.

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.

 

Cision View original content:https://www.prnewswire.com/news-releases/collins-aerospace-relocating-singapore-plant-to-new-250m-manufacturing-facility-in-seletar-aerospace-park-singapore-302204487.html

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.

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