Pratt & Whitney have announced that they will be using a Singapore Airshow to demonstrate its commitment to using Singapore as the base for future manufacturing works. The company plans to build the fan blades and turbine disks for their GTF (geared-turbine fan) engine with the first fan blade having been manufactured and assembled right there in Singapore earlier in the fiscal year.

Aerolease Aviation, a privately owned aircraft leasing company which specializes in converting and leasing used aircrafts, has recently announced in collaboration with Mitsubishi Aircraft Corporation that the two companies have signed a Letter of Intent (LOI) to place an order for ten firm MRJ90 aircrafts, with the option for an additional ten MRJ90 aircrafts. Under this Letter of Intent, both companies will be working together in order to conclude a definitive agreement in the foreseeable future.

Tech giant Samsung has just announced that it expects 2016 to be an especially weak year for the chip industry due anemic global economic conditions and fierce competition between competitors.  This announcement also comes in the wake of a speech recently made by Samsung CEO Kwon Oh-hyun in which he warned of low growth projections over the coming year. Although financial specifics were not mentioned during the speech, Oh-hyan told employees and investors that earnings for Q4 2015 will be lower than expected due to the aforementioned global economic instability as well as low seasonal demand for components.

Adams Communication and Engineering Technologies has called upon Erickson to assist the United States Navy in refurbishing two Sikorsky MH-53E helicopters. Under the contract, Erickson will repair the Sea Dragons back into service. They were chosen by the US Navy based on their extensive experience with large Sikorsky-made helicopters, plus their manufacturing capabilities.