Skip to content
Home » Aerospace Parts Firm Ontic Agrees ‘biggest Ever’ Licensing Deal

Aerospace Parts Firm Ontic Agrees ‘biggest Ever’ Licensing Deal

Aerospace parts manufacturer Ontic has announced its “biggest ever” licence investment, after striking a fresh deal with US tech giant Honeywell.

Gloucestershire-based Ontic, which supplies defence and commercial organisations, is set to take over production and repair of Honeywell’s Thrust Reverser Actuation System (TRAS) product line.

Like this story? Why not sign up to get the latest South West business news straight to your inbox.

Used primarily upon landing to slow aircraft by reversing the direction of the engine thrust, the system is installed on more than 3,000 aircrafts with long in-service lifespans ahead.

Bosses at Ontic said the system was a “strong fit” for its portfolio, and built on its UK-based expertise on complex hydraulic systems. They added that the agreement would enable the company to leverage engineering skills and create “exciting new opportunities” to join its expanding workforce at its facility in Staverton, near Cheltenham.

Gareth Blackbird, vice president and chief commercial officer at Ontic, added: “This represents a significant licence 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 had already agreed four licensing deals with Honeywell this year. Ontic is now providing maintenance for a line of Honeywell’s communications systems, and is also delivering a range of radar systems and navigation and communication product lines for its client.

In January, Ontic heralded 2022 as a “record-breaking” year for the firm, during which it reached 13 exclusive licensing agreements.

The company has a US base in Chatsworth, California, as well as facilities in Singapore.

Story Saved

You can find this story in My Bookmarks.Or by navigating to the user icon in the top right.