What Happened
Aerospace Company Expands Portfolio With Precision Compass Specialist
Ontic has acquired SIRS Navigation, a Kent-based specialist in the design and manufacture of precision standby magnetic compasses for the global aviation industry. SIRS Navigation has been designing, manufacturing, and supporting aviation magnetic compasses for over 60 years, with its products installed on major commercial and business aviation platforms. The acquisition underlines Ontic’s strategy of investing in specialist aerospace businesses with established intellectual property. This move was reported by an unknown source.