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SIA Engineering Co ( (SG:S59) ) has provided an announcement.
SAESL is deepening its position in the aero engine MRO industry by investing in workforce development to support rising global demand and its broader S$242 million expansion and transformation programme, which aims to boost operational capacity, modernise facilities and capabilities, and secure sustainable long-term growth. At the Singapore Airshow 2026, the company announced two Memoranda of Understanding with the Singapore Economic Development Board and Singapore Polytechnic to establish a dedicated SAESL Training Academy, accelerate in-house skill development, and strengthen the aerospace talent pipeline, including plans to hire more than 1,000 technicians over the next five years to address tightening industry-wide labour supply and increasing engine complexity.
The most recent analyst rating on (SG:S59) stock is a Buy with a S$4.00 price target. To see the full list of analyst forecasts on SIA Engineering Co stock, see the SG:S59 Stock Forecast page.
More about SIA Engineering Co
Singapore Aero Engine Services Limited (SAESL) is an engine maintenance, repair and overhaul (MRO) provider serving Rolls-Royce and global airline customers, focusing on high-value aero engine servicing and long-term capacity growth in the aerospace sector.
Average Trading Volume: 727,996
Technical Sentiment Signal: Buy
Current Market Cap: S$3.67B
See more insights into S59 stock on TipRanks’ Stock Analysis page.