RTX Corporation (RTX) and Singapore EDB Sign 10-Year Strategic MoU to Advance Aerospace Innovation

RTX Corporation (NYSE:RTX) is one of the 11 best industrial stocks to buy. On June 18, RTX Corporation signed a 10-year Memorandum of Understanding (MoU) with Singapore’s Economic Development Board (EDB), solidifying its long-term strategic commitment to the country. The partnership aims to advance collaboration in areas such as aerospace maintenance, advanced manufacturing, AI, and talent development, reinforcing Singapore’s role as a vital hub in RTX’s global operations.

RTX Corporation (RTX) and Singapore EDB Sign 10-Year Strategic MoU to Advance Aerospace Innovation

Photo by Thisisengineering Raeng on Unsplash

Executives from both sides emphasized the MoU’s significance in deepening innovation and technological capabilities in the Asia-Pacific region. The collaboration will support investments in foundational technologies and next-generation platforms, strengthening the local ecosystem and contributing to the region’s aerospace growth.

Singapore is RTX’s third-largest commercial footprint globally and home to over 4,300 employees across 12 sites. With more than 50 years of presence in the country, RTX continues to expand its capabilities in response to rising demand from both defense and commercial aviation customers across Asia Pacific.

RTX Corporation (NYSE:RTX) is a global aerospace and defense firm headquartered in Arlington, Virginia. Founded in 1934, it serves commercial, military, and government clients through three segments: Collins Aerospace, which provides aviation systems, interiors, and aftermarket services; Pratt & Whitney, which offers aircraft engines and auxiliary power units; and Raytheon, which specializes in threat detection and defense technologies.

While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Most Undervalued Financial Stocks to Buy According to Analysts and 10 Best 52-Week High Stocks to Buy According to Analysts.

Disclosure: None.