[Avionics Magazine 11-14-2016] BBA Aviation subsidiary Ontic, a provider of extended life solutions for Original Equipment Manufacturer (OEM) legacy aviation products, has reached an agreement to acquire a portfolio of legacy avionics products from GE Aviation. The portfolio features parts servicing the military and commercial aviation markets, including electro mechanical, barometric, gyroscopes and electronics products. Key platforms include Boeing 737, Sikorsky Sea King and Leonardo AW101 helicopters, Lockheed C130/J transports and BAE Hawk aircraft.
Boeing 737 Max cockpit. Photo: Boeing.
The portfolio has a strong fit with Ontic’s existing business, and the acquisition is aligned to Ontic’s strategy to deliver continued profitable growth in mature avionics and electronics products with high intellectual property content. Ontic previously acquired a similar business from GE Aviation in 2011. The transaction is expected to close in early 2017, subject to regulatory conditions.