Aeroplane parts-maker Ontic, which employs 500 staff in Gloucestershire, has said 2022 was a record-breaking year for its business – supplying some of the world’s biggest plane manufacturers.
The firm, which has major bases in Staverton and Bishops Cleeve, said turnover had reached an all-time high in 2022, with $100,000 million (£83 million) of the American firm’s revenue now coming from its UK operations.
Ontic only took ownership of its Staverton site from Triumph at the end of 2021, launching a recruitment drive last year that helped turn it into one of the company's main production facilities.
Ontic's chief executive officer, Gareth Hall, said: ‘2022 was a tremendous success for the company as a whole and for our people.
‘Against the backdrop of the Covid-19 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.’
The company puts its success in 2022 – and its optimistic outlook for 2023 – down to investments in capacity, its award-winning teams and 13 new licensing agreements, which mean it will continue to support a range of commercial and military customers, including Airbus and Boeing Defence.