SIA Engineering Company (SIAEC) has announced that it has signed a Definitive Agreement with Pratt & Whitney (P&W) to participate in its PW1000G Risk-Revenue Sharing Programme (RRSP). P&W is developing the PW1000G engine to power Next Generation Single-Aisle (NGSA) aircraft. The engine is scheduled to enter service in 2013, and has already been selected as the sole-source engine for the Bombardier CSeries aircraft and Mitsubishi Regional Jet (MRJ) aircraft.

SIAEC will participate in the PW1000G engine RRSP with a 3% stake in the CSeries aircraft engine programme and a 1% stake in the MRJ aircraft engine programme. This is an important milestone as it marks an expansion in the role played by Singapore and Singapore companies in our partnership with Global Aerospace OEM players. SIAEC’s investment will further strengthen our role as the Home in Asia for the Global Aerospace industry.