Ontic, the UK-based provider of extended life solutions for OEM legacy products, has reached an agreement with GE Aviation to acquire some of its legacy avionics parts.
The BBA Aviation subsidiary announced the deal for the business last week, servicing a number of markets including commercial aviation which include Boeing’s 737 aircraft among its key platforms.
Ontic said the avionics portfolio is a strong fit for its current strategy for growth in mature avionics and electronic parts with high intellectual property content.
The deal, subject to satisfying certain conditions, is expected to be finalized at the beginning of 2017.
Gareth Hall, Ontic’s president and managing director, said the acquisition of the legacy avionics parts will allow the firm to “expand and provide sustenance” in legacy avionics products to maturing aerospace platforms.
Image - Ontic