GE Aerospace (GE) announced a multi-year investment plan of up to $300M to expand its engine repair capabilities in Singapore. Supported by the Singapore Economic Development Board, the investment will transform engine repair operations. Advanced automation, digitization, and AI-enabled inspection technologies are core components of this five-year plan running from 2025 to 2029. Change and upgrades to equipment, methods, and facilities in Singapore include: new advanced technology deployment and capabilities expansion; new Module Repair capability for CFM LEAP-1A/1B High-Pressure Turbines; expanded engine component portfolio to enhance regional support as Premier service center for APAC; facility for REACH compliant coatings and industrialization of the coating, as well as Anti-Corrosion Coating Repair capabilities; and an AI Center of Excellence to develop MRO and On-Wing Support services through a data fabric ecosystem, Automated Digital Inspection, and Predictive Maintenance solutions. EDB and GE Aerospace also signed a memorandum of understanding outlining their intent to begin discussions on developing advanced repair capabilities in Singapore.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GE:
- Singapore announces partnership with GE Aerospace for next-gen aviation tech
- Boeing says has identified durability issue on 777x engine
- GE Aerospace price target raised to $335 from $325 at JPMorgan
- Airbus SE (EADSY) CEO Says Trade Tensions Caused ‘Significant’ Damage
- GE Aerospace’s Sudden Slide Has Bulls Doubling Down