26 November 2018 – acquisition
The acquisition of Firstmark Corp, an aerospace focused aftermarket service provider, has been completed on terms previously announced having received the necessary governmental and regulatory approvals. This business will be part of Ontic, BBA Aviation’s Aftermarket Services business. As announced on 18 September 2018, Firstmark is a leading provider of highly engineered proprietary components and subsystems for the aerospace and defence industries. Full year results for the year ended 31 December 2018 are due to be released on 5 March. Until then, unless there is any other news, we retain our BUY rating.