RTX is headquartered in Arlington, Virginia, USA. Its sales in 2024 exceed US$80 billion (about S$100 billion) and its global employees exceed 185,000. Currently, the company has 12 factories in Singapore with more than 4,300 employees, making it th...
RTX is headquartered in Arlington, Virginia, USA. Its sales in 2024 exceed US$80 billion (about S$100 billion) and its global employees exceed 185,000.
Currently, the company has 12 factories in Singapore with more than 4,300 employees, making it the largest foreign-funded aerospace and defense employer in Singapore.
Singapore is RTX's third largest commercial layout market outside the United States.
Since 2024, RTX has launched a number of major investment projects in Singapore, including the relocation of its Collins Aerospace Corporation (about S$320 million) to relocate its Singapore factory to the Serita Aviation Park.
She said that RTX will continue to bring significant value to the local ecosystem in the next few years.
This cooperation roadmap covers key areas such as advanced manufacturing, maintenance and overhaul, artificial intelligence and innovation, talent and skills development.
The two parties signed this cooperation agreement on Wednesday (June 18), reflecting the long-term mutually beneficial cooperative relationship between RTX and the Economic Development Bureau and further consolidating Singapore's position as a key node of the RTX global operation network.
Xu Kailin, Executive Vice President of the Economic and Development Bureau of Singapore, said that as a world leader in aerospace, RTX continues to expand its layout locally, fully reflecting Singapore's position as an Asian aerospace hub.
RTX (formerly Raytheon Technology), the world's largest aerospace defense company, signed a memorandum of understanding with the Singapore Economic Development Bureau, planning a roadmap for deepening strategic cooperation in Singapore in the next 10 years.
