Story ID: 
Ontic Buys SIRS Navigation Magnetic Compass Business
By: Matt Thurber
Caption: Manufacturer of products for legacy aircraft will help ensure long-term support
Word Count: 224
Ontic, which specializes in manufacturing parts and components for legacy civil and military aircraft, has purchased SIRS Navigation, a UK-based manufacturer of aircraft compasses.
SIRS is based in Kent and has been designing and manufacturing standby magnetic compasses for more than 60 years. With tens of thousands of compasses in service, the company’s products are installed on nearly “every major commercial and business aviation platform, spanning fixed-wing and rotorcraft,” according to SIRS Navigation.
“SIRS Navigation has built an outstanding reputation over more than half a century—a market-leading position, a loyal customer base, and a brand that is trusted across the industry,” said Ontic CEO JC Gallagher. “This acquisition is about providing continuity and long-term commitment to its customers, while giving the business a home where it can continue to thrive.”
SIRS Navigation supplies compasses to aircraft OEMs and the aftermarket, and supports its products with a 24/7 worldwide network. Custom designs are also available.
“Being part of a global aerospace business, with deep OEM and MRO expertise, provides the scale, investment, and long-term stability needed to continue to meet the high levels of quality, service, and reliability our customers expect,” said SIRS Navigation commercial director Maisie Bylett. “This new chapter will build on our core values, whilst providing increased scale to support our customers.”