Pratt & Whitney Supercharges Singapore Hub: Reveals Massive 48,000 Sq-Ft Expansion For Eagle Services Asia

Pratt & Whitney, an RTX Corporation RTX business, plans to increase the capacity of its Singapore engine center, Eagle Services Asia (ESA).

The 48,000 square-foot expansion will accommodate a two-thirds increase from current facility capacity.

"Pratt & Whitney is investing globally to support the GTF fleet. As part of the expansion, we will increase staffing and provide extensive staff training so that we are well equipped to meet the increased demand," said Shangari Meleschi, vice president, Aftermarket Operations – Asia Pacific and Turkiye.

Also ReadWhy RTX's Engine Troubles Spell Bad News: BofA Analyst Lowers Rating To Underperform

"We are dedicated to maintaining our customers' trust as we work through the impacts of the GTF fleet management plan."

Eagle Services Asia had its first PW11000G-JM engine for overhaul in 2019.

It is a joint venture between SIA Engineering Company and Pratt & Whitney and a member of the Pratt & Whitney GTF MRO network.

There are currently 13 active GTF MRO engine centers worldwide, with an additional six expected to be online by 2025.

Also ReadRTX To Incur $3B Pre-Tax Charge In Q3 Due To Pratt & Whitney Engine Problem

Price Action: RTX shares are trading higher by 0.28% at $72.25 in premarket on the last check Tuesday.

Photo Via Company

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsMarketsGeneralBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!