Business

Aerospace parts supplier to expand Butner plant, create scores of jobs

Posted October 4, 2019 2:49 p.m. EDT

NEW JOBS

— A company that makes parts for civilian and military aerospace firms plans to expand its Granville County plant, creating 126 jobs, officials said Friday.

Ontic Engineering and Manufacturing Inc. will invest $2.7 million in the Butner facility, officials said.

"We continue to be impressed with abilities and performance of our team here in Butner and look forward to aggressively growing our business here with additional investments in people, factory infrastructure and intellectual property," Gareth Hall, president and managing director of Ontic, said in a statement.

Ontic has plants in the U.S., Europe and Asia to produce a portfolio of more than 6,500 older aircraft parts that have been licensed or acquired from major manufacturers, such as Honeywell, UTC Aerospace, Safran, Curtiss-Wright, GE Aviation and Thales.

The average salaries of the new positions could reach $55,149, officials said, higher than Granville County's average salary of $40,932.

Ontic has qualified for a state Job Development Investment Grant, which rebates a portion of the state withholding taxes for the new jobs to the company. If the firm meets annual hiring and investment targets, the grant could be worth close to $1.4 million over 12 years.

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