Legacy Parts Maker Ontic Looks To Build on 2022 Growth

 - January 25, 2023, 11:22 AM
With the expansion of its North Carolina site, Ontic doubled the number of employees there over the past two years. (Photo: Ontic)

Legacy parts manufacturer and MRO Ontic closed out 2022 on a high note with acquisitions, new licensing agreements, and investments in capacity. Last year, the company fully integrated the Staverton site in Gloucestershire, UK, which Ontic acquired in 2021 through an agreement with Triumph. Now Ontic is supporting platforms that include the Saab Gripen, Airbus A330, and BAE Hawk. The Staverton site serves as one of the company’s main production facilities.

Also in 2022, Ontic added 13 exclusive licensing agreements that it said will strengthen its global portfolio of highly complex engineered products for the aerospace sector, including commercial and military customers such as Airbus and Boeing Defense.

The company also made multimillion-dollar investments in its capacity, adding 20,000 sq ft to its Creedmoor site in North Carolina, where it doubled its number of employees over the past two years. This year, Ontic will create more production floor space at its Chatsworth, California facility.