November 4, 2008
Ontic Signs Exclusive License Agreement With Kidde Graviner, a Hamilton Sundstrand Company
Ontic Engineering and Manufacturing, Inc., the aerospace industry's leading producer of OEM-licensed legacy products, has acquired an exclusive product life license for Kidde Graviner's Emergency Oxygen Equipment product line. Kidde Graviner is a Hamilton Sundstrand company.
The products are used on civil programs including the Hawker 800 and BAe146, and military programs including the Eurofighter, Gripen, Tornado, Hawk and Harrier. Located near Heathrow International Airport, the business will transfer to Ontic UK Ltd.This new license represents the continued expansion of Ontic's licensed product portfolio through yet another exclusive license outside of the US, and represents the latest license that adds to Ontic's 3,500+ products already supported under license or acquisition.
Jim Gerwien, Ontic's President stated that "The product line will continue to be supported in the UK by Ontic UK Limited, the newly created base for all of Ontic's European Operations. This enables Ontic to better serve our Licensors and Customers in the Global Market. This License supports Ontic's strategy to expand its global product business model and overall portfolio."
With 2007 revenues of $5.6 billion, Hamilton Sundstrand, a subsidiary of United Technologies Corp., employs approximately 19,000 people worldwide and is headquartered in Windsor Locks, Conn. Among the world's largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.
United Technologies Corp. (NYSE: UTX), based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries worldwide.
Ontic is a wholly owned subsidiary of BBA Aviation plc, with over 50 years of aerospace product manufacturing and aftermarket support experience. Ontic has been licensed worldwide manufacturing rights from Honeywell, Hamilton Sundstrand, Goodrich, Moog, Parker, Eaton and a number of other aerospace original equipment manufacturers.
BBA Aviation plc is a world leader in the provision of Flight Support and Aftermarket Services and Systems for business aviation, regional airline, military and commercial aviation operators, including FBO services, fueling, ground handling, turbine engine repair and overhaul and aviation components, landing gear and hydraulic systems. BBA has leading positions, well-known and reputable brands and a proven track record of organic and acquisition-led growth. BBA Aviation companies include Signature Flight Support, ASIG, Executive Beechcraft, Ontic, International Governor Services, APPH, Dallas Airmotive, Premier Turbines, H&S Aviation, International Turbine Service and Barrett Turbine Engine Company. For more information, please visit www.bbaaviation.com.