In 2006, the now 37-year-old company had $30 million in revenues, based on acquiring the intellectual property rights to mature product lines, when it was purchased by BBA Aviation, says President Peg Billson.
With a capital infusion from the privately held BBA
began an aggressive buildup of its licensing agreements to manufacture, engineer, sell, distribute and provide service and support of parts and components for aging airframes.
By 2010, revenues had grown to $120 million.
"Our goal is $400 million in the next 2-3 years," says Billson, who was Eclipse Aviation's chief operating officer until joining Ontic 18 months ago.
"As they go out of the business, we go into the business," says Billson
"As time goes by, fewer people know how to solder a resister board," Billson
faces little competition from the makers of Parts Manufacturer Approval parts because PMA providers concentrate on higher-turnover products.
As expansion boosts employment, Ontic
is not having trouble attracting talent, Billson
About 70% of her
employees come from other aviation companies.
is not burdened with a graying workforce.
"We have all age demographics," she