Aerospace sector to hire 2,900 people in S’pore over next 3 to 5 years

The aerospace industry is expected to hire more than 2,500 workers here over the next three to five years to support the sector's continued growth.

- Kok Yufeng

These new jobs include operator, technician, engineering and corporate roles, said the Economic Development Board (EDB) on Feb 18 in an update on the industry's performance and outlook.

Speaking at a press conference ahead of Singapore Airshow 2024, EDB executive vice-president Cindy Koh said the agency has been working with aerospace companies since the last air show in 2022 to secure new investments.

It has since attracted more than $750 million in commitments over the next three to five years for more than 10 new projects here.

They include plans by ST Engineering to build a new $170 million 84,000 sq m aircraft maintenance facility in Changi Airport. Aircraft engine-maker Pratt & Whitney is also increasing the capacity of its Singapore engine centre by more than 60 per cent.

Ms Koh said there are more than 130 aerospace companies in Singapore, and seven out of 10 aerospace jobs are taken up by locals.

Over the past two years, hiring by aerospace companies here was ramped up, with total employment in the sector increasing by almost 3,000 to more than 21,000 from 2021 to 2023.