The Department of Trade and Industry (DTI) is looking to expand the country’s production of aerospace and satellite technology through a collaboration with American aerospace giant Boeing.
Trade Secretary Cristina Roque engaged in high-level discussions with Boeing’s satellite unit at their El Segundo, California facility to explore a potential collaboration.
“Boeing has long been a key player in aviation and aerospace, and we see enormous potential in leveraging its expertise to develop the Philippines’ aerospace industry, satellite technology, and digital infrastructure,” said Roque in a statement.
“With Boeing’s presence in our aviation sector and growing engagement in defense and satellite communications, there is much to explore in terms of knowledge transfer, manufacturing, and investment,” she added.
The DTI said the Philippines already contributes significantly to Boeing’s global supply chain, generating around $100 million in turnover.
There are 10 Filipino firms producing vital components for the company’s commercial aircraft programs, the agency said.
During the meeting, Boeing President for Satellite Systems International Ryan Reid showcased the company’s cutting-edge satellite technologies, which have the potential to help transform the country’s telecommunications, defense, and digital connectivity.
Notably, Boeing disclosed that it is planning to launch a satellite by mid-2025 that will provide communications service in Southeast Asia.
The DTI said the Philippines would benefit from this technology once it becomes fully operational next year, noting its importance to the country’s digital transformation.
Roque, for her part, encouraged Boeing to consider expanding its manufacturing and technology investments into the country.
The Trade Secretary particularly cited the incentives provided under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.
CREATE MORE, enacted in November of last year, offers enhanced tax reliefs for high-tech industries.
Roque added that the government is committed to fostering a sustainable aerospace ecosystem in which Boeing can thrive.
“We are eager to continue working with Boeing to build a more connected, resilient, and future-ready Philippines,” the DTI chief said.
“Our focus on innovation and strategic industry alliances will ensure our competitiveness in the evolving global digital and aerospace arena,” she continued.
Boeing, a leader in the defense industry, has maintained a longstanding partnership with the country.
This dates back to its first collaboration with flag carrier Philippine Airlines (PAL) in 1946, when Boeing helped PAL become the first Asian airline to fly across the Pacific.