News: $60M for new technologies for aerospace industry
Rolls-Royce invests in hi-tech MRO with Singaporeans
Tuesday, 19th September 2017
British engineering giant Rolls-Royce, the Agency for Science, Technology and Research (A*Star) and Singapore Aero Engine Services are setting up a facility to develop new technologies for the aerospace industry.
An investment of up to $60 million and the support of 120 staff will establish a Smart Manufacturing Joint Lab that will operate for five years and will aim to develop next-generation aerospace manufacturing, maintenance, repair and overhaul (MRO) capabilities, according to an article by Jacqueline Woo in the Straits Times.
Singapore's aerospace industry generates a total output of over $8 billion, of which 85% come from MRO activities and the rest from manufacturing. As a key aviation hub, Singapore is reported to account for 10% of global MRO output.
The lab will use A*Star's Advanced Remanufacturing and Technology Centre's Model Factory to trial new technology applications. It is a significant milestone in Singapore's drive for high-value manufacturing, using advanced robotics and automatic and additive processes.
One of the aims is to form a “robust high-value aerospace-related business ecosystem for local enterprises" so that local SMEs will be enabled to adopt the latest technologies.
The full article is available from the Straits Times via the external link below.