Ontic celebrates record-breaking year
Ontic, the Cheltenham-headquartered licensor and manufacturer of complex engineered parts for the global aerospace and defence industries, is starting 2023 on the back of a record breaking 12-months, including new licensing agreements, investments in capacity and award winning teams.
At the end of 2021, Ontic took ownership of its Staverton site at Gloucestershire, as part of an acquisition and licensing agreement with Triumph. This included transitioning everything from people to product lines, and positioned Ontic to support platforms including the Saab Gripen, Airbus A330 and the BAE Hawk.
Over 2022, the site was fully integrated and is now one of the company’s main production facilities. Ontic has also made multi-million dollar investments in its existing infrastructure, adding 20,000 square feet to its Creedmoor site in North Carolina. Its Chatsworth facility in California will undergo further improvements in 2023 to create more production floor space. This ensures the company has capacity to support existing and new OEM licensor partners and customers around the globe.
Throughout 2022, Ontic secured a lucky 13 exclusive licensing agreements, which will strengthen its global portfolio of highly complex engineered products for the aerospace sector. The new agreements mean the company will continue to support a range of commercial and military customers including Airbus and Boeing Defence.
Ontic recruited more than 350 people in 2022. It grew its UK early careers programme by 300 per cent and is set to double this number again in 2023. Ontic will launch a US apprentice program in 2023.
In 2022 the company raised well over $50,000 for charities around the globe including The Princes Trust in the UK. Its teams have donated to toy drives at Christmas, supported local food banks including the North Cotswold Foodbank and helped animal charities.
The company also signed the Tomorrow’s Engineers Code, making a commitment to help increase the diversity and number of young people entering engineering careers. It also donated a number of laptops to Gloucester Engineering Training, who it partners with for its early careers programme. Ontic’s active STEM outreach program has included school visits and donations of money and equipment to help pupils at local schools.
Gareth Hall, Ontic CEO, said: “2022 was a tremendous success for the company as a whole and for our people. Against the backdrop of the covid pandemic and global supply chain challenges, we have continued to thrive, growing our team to more than 1,000 people and securing new licenses to support customers around the globe.
“2023 will see continued expansion, and we will invest even more in both our early careers programs and our overall global recruitment strategy.”
