Collins Aerospace, an RTX business, announced the relocation of its Singapore manufacturing facility to a new site in Seletar Aerospace Park, Singapore. This move represents a significant investment of $250M. 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 away. Production is anticipated to commence in 2028, with dual production capability maintained at the Bedok facility over a multi-year transition plan.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
- RTX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Airbus receives $24B order from Cebu Pacific for A321 aicraft with RTX engines
- RTX’s Pratt & Whitney GTF engines included in Airbus order from SMBC Aviation
- Options Volatility and Implied Earnings Moves This Week, July 22 – July 26, 2024
- RTX selected by Airbus Helicopters to support development of propulsion system