Singapore’s Seletar Aerospace Park is booming
According to Singapore government figures, the aerospace industry here comprises more than 100 companies employing 18,000 people. Over the past 20 years, it has grown by a compound 12 percent. The total annual output is now $5.8 billion and the value added to the economy is $2.25 billion. The totals do not include airline or airport activity.
Ninety percent of the activity is MRO, and Singapore claims a quarter of the regional market for such work. Singapore Technologies Aerospace (ST Aero) and the SIA/Rolls-Royce joint venture SIAEC head the list. Others include Goodrich (thrust reversers); Honeywell (avionics and APUs); JAMCO (cabin interiors); Messier Services (landing gear); Pratt & Whitney Canada (APUs); Nordam (thrust reversers); Panasonic (cabin interiors); Rockwell Collins (avionics); Thales (avionics and cabin interiors).
Manufacturing is only 10 percent, but the government target is to raise that to 30 percent. The arrival of Rolls-Royce will help. Others already producing original aerospace parts here include Diethelm Keller (cabin interiors); Hamilton Sundstrand (engine gearshafts, compressor and turbine wheels); Honeywell and Thales (avionics); ATI (recently acquired by GE Aviation Services) and SAM (engine casings and airfoils).