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SIA Engineering Co ( (SG:S59) ) has provided an update.
SIA Engineering Company Limited and Safran Aircraft Engines have signed a Letter of Intent to expand their collaboration in CFM LEAP engine maintenance services in Singapore. This partnership aims to enhance the maintenance capabilities and capacity of the LEAP engine network, potentially through a joint venture, to meet the increasing global demand. The collaboration builds on SIAEC’s existing relationship with Safran Group and positions the company to contribute significantly to the LEAP maintenance network, leveraging its strategic location and expertise.
The most recent analyst rating on (SG:S59) stock is a Buy with a S$3.92 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
SIA Engineering Company Limited is a prominent player in the aerospace industry, primarily focusing on aircraft maintenance, repair, and overhaul (MRO) services. The company is strategically located in Singapore and is known for its technical expertise and comprehensive service offerings, catering to a global clientele.
Average Trading Volume: 1,201,034
Technical Sentiment Signal: Buy
Current Market Cap: S$4.05B
Learn more about S59 stock on TipRanks’ Stock Analysis page.