StandardAero, Scottsdale, Ariz., has signed an agreement with joint venture partners Pratt & Whitney, a division of Raytheon Technologies, Waltham, Mass., and SIA Engineering Company Limited, Singapore, to purchase 100% ownership stake in Singapore-based component repair facility, Asian Surface Technologies Private Limited (AST).
AST was founded in 1994 to provide overhaul services for the PW4000 jet engine fan blades and specialized thermal spray coating services for the aerospace and oil & gas industries. Over the past twenty-seven years, AST has provided high technology hard face coatings and component repairs to customers in the Asia-Pac region and around the world.
In 2017, StandardAero acquired PAS Technologies including a 40.8% stake and management control of AST. The transaction marks the final acquisition of 100% ownership of AST and will enable StandardAero to grow its Asia footprint to better serve engine OEM and airline customers throughout the Asia-Pac region.
“We are excited by the prospect of broadening and deepening our in-region repair capabilities,” said Rick Stine, President of StandardAero’s Components, Helicopters and Accessories division. “Having a well-established facility in a world class aerospace hub such as Singapore will enable StandardAero to provide a much wider range of world class products and services to our customers in Asia.”
For more information:
Raytheon Technologies
https://www.rtx.com/
StandardAero
www.standardaero.com
