Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide

Aerospace Defence

Ontic appoints Gareth Parkin as CFO

Ontic has appointed Gareth Parkin as its Chief Financial Officer (CFO).

Image courtesy Ontic 

Gareth Parkin (above) will assume full responsibility as CFO on 14th February 2025, following a detailed transition period with the current CFO, Toby Woolrych and will be based at Ontic's Creedmoor facility in North Carolina.

With eight facilities across the UK and USA, Ontic is a global aerospace OEM that supplies complex aerospace parts, providing customers with stability in supply and repair and allows OEMs to focus on the development of new products by divesting their non-core lines to Ontic. It has a portfolio of 8,000+ top-level assemblies, providing engineered parts and repair services for established aircraft in the defence and commercial market, including fuel measurement systems, as well as a range of avionics, cockpit instruments and controls.

Advertisement
Leonardo

An experienced CFO, Gareth Parkin joins Ontic from Messer America, a provider of industrial and medical gases, where he was part of the leadership team who successfully took the company through a sale process involving GIC in 2023.

Prior to this, he spent 19 years in various Financial and Commercial roles within The Linde Group. Most notably here he led the divestiture of multiple assets across the Americas to meet anti-trust requirements, the largest asset package becoming the newly formed Messer Americas which was acquired by CVC in 2019.

Toby Woolrych will be leaving Ontic after three years at the end of March, having successfully supported the renewed partnership with Ontic's owners CVC last year, during which ownership transferred from CVC's Fund VII to Fund VIII. He is looking forward to using his experience and expertise in a range of new avenues going forward.

Gareth Hall, Ontic’s CEO, said: “I would like to thank Toby for his significant contribution to Ontic. He has provided strategic leadership during a period of significant growth for the business where Ontic expanded its global footprint, signed a record volume and value of licenses and extended its offering to an ever-larger number of customers and platforms.

Advertisement
ODU RT

“We’re delighted to welcome Gareth, who will oversee increased investment in enhanced customer support teams, dedicated repair capabilities, ongoing supply chain improvements, sustainment engineering resource, sector-leading data analytics capabilities, and the investment into our dedicated MRO network.

“These initiatives will reinforce Ontic’s unique abilities in the transition of complex part manufacture from licensors into Ontic’s facilities while maintaining or enhancing part availability to customers.”

Ontic currently supports more than 80,000 in-service aircraft through its portfolio of nearly 200 licenses. It manufactures over 8,000 product lines (supporting OEMs, as well as spares and repairs) for its 1,500 customers worldwide.

Advertisement
Cranfield University
TEKEVER reveals its largest UK site todate

Aerospace Defence

TEKEVER reveals its largest UK site todate

15 September 2025

TEKEVER has announced a new manufacturing facility in The Spectrum Building, a historic, Grade II-listed architectural icon designed by Sir Norman Foster, completed in 1982 and featured in James Bond film 'A View to a Kill' in 1984.

CBI offers support for Stansted’s growth plans

Aerospace

CBI offers support for Stansted’s growth plans

15 September 2025

Members of the Confederation of British Industry (CBI) visited London Stansted to see first-hand the airport’s role in driving regional economic growth and to offer their support for its plans to raise its passenger cap from 43 to 51 million a year, without increasing the number of flights beyond current permissions.

B&H Worldwide expands Heathrow HQ

Aerospace

B&H Worldwide expands Heathrow HQ

15 September 2025

Aerospace logistics provider, B&H Worldwide, has announced an expansion of its UK footprint with the acquisition of a new 6,000 sq ft office and warehousing unit at its existing headquarters facility near Heathrow Airport.

Air Niugini takes delivery of its first Airbus A220

Aerospace

Air Niugini takes delivery of its first Airbus A220

12 September 2025

Air Niugini, the national carrier of Papua New Guinea, has taken delivery of its first A220-300 aircraft, on lease from Azorra.

Advertisement
Amentum rectangle
Heathrow hits historic high in August

Aerospace

Heathrow hits historic high in August

11 September 2025

Heathrow made history in August, surpassing eight million passengers in a single month for the first time.

ADS reveals 2024 value of aerospace, defence, security and space to Scotland

Aerospace Defence Security Space

ADS reveals 2024 value of aerospace, defence, security and space to Scotland

11 September 2025

The aerospace, defence, security and space sectors added £3.7 billion to Scotland’s economy in 2024, according to new data from ADS, equating to a 55% increase between 2020 and 2024.

Advertisement
ODU RT