Ontic, a leading manufacturer of certified components to the world's civil and military aircraft, has entered into an agreement to acquire the pilot controls product line from Woodward, Inc.
The agreement adds to Ontic's portfolio of over 200 licensed product lines and reinforces its position as the partner of choice for aerospace OEMs looking to transfer non-core product lines knowing their customers are in safe hands. With more than five decades of experience executing product transitions, Ontic ensures the continued availability, reliability, and long-term support of the components that keep the world's fleets airborne for a lifetime of flight.
The transaction includes Woodward’s portfolio of pilot controls for commercial and defense applications, such as throttle quadrant assemblies, rudder pedals, and passive side sticks that are currently manufactured at Woodward’s facility in Niles, Illinois. It is subject to customary closing conditions and regulatory approvals.
To read the full announcement, please visit Woodward's website here.
