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Gloucestershire Business News

Ontic announces biggest ever license investment

Staverton-based aerospace firm Ontic has acquired the manufacture and support of Honeywell's Thrust Reverser Actuation System (TRAS) product line.

Used primarily upon landing to slow aircraft by reversing the direction of the engine thrust, the system supports both the CF6 and CF34 engines (GE) and is installed on over 3,000 aircraft with long in-service lifespans ahead.

This system is a strong fit for the Ontic portfolio, enabling them to leverage existing skilled technicians and technical engineering competence from their UK facility in Staverton, near Cheltenham.

Crucially, this license addition builds on Ontic's complex hydraulic systems knowledge, adding a new pneumatic product competence in its UK operations.

Bringing the TRAS system to their Staverton site will create exciting new opportunities to join Ontic's growing team and they are actively recruiting to support the expansion of this facility.

Gareth Blackbird, vice president and chief commercial officer at Ontic, said: "This represents a significant license investment for Ontic - our biggest to date - and we are excited to expand the experienced team capabilities and specialised equipment at our Staverton site.

"The addition of this pneumatic and actuation product is well suited to the highly skilled technicians and engineers that form our Ontic team in the UK and will continue to create career opportunities in the local area."

Ontic is a leading licensor and manufacturer of complex engineered parts for the global aerospace and defence industries.

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