THE PHILIPPINES is hoping to attract more US investment in the aerospace industry, according to the Department of Trade and Industry (DTI).
In a statement on Wednesday, the DTI said the Philippine Trade and Investment Center in New York met with major US aerospace manufacturers at the Aerospace Alley Tradeshow.
During the event, Trade Commissioner Alma F. Argayoso discussed possible partnerships with Sikorsky Aircraft, the helicopter unit of Lockheed Martin Corp. and Pursuit Aerospace.
The meeting was convened to pitch companies “to bring more aircraft parts production, engineering work, and maintenance, repair, and overhaul services to the Philippines,” she said.
According to Ms. Argayoso, the country is already supplying aircraft parts and engineering services to global manufacturers.
“(It) is ready to take on more projects because of its skilled workers, competitive production costs, and growing aerospace facilities,” she said.
“The DTI is pushing for more US investments to create jobs and strengthen the Philippines’ position in the global aviation supply chain,” she added. — Justine Irish D. Tabile