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).