Global aerospace manufacturer Ontic has opened a $10 million maintenance, repair and overhaul (MRO) facility at 15701 SW 29th Street, according to a Nov. 11 news release from the company.

The company makes and repairs airplane parts. This marks their eighth facility worldwide.

“We are thrilled to welcome Ontic, a global aviation powerhouse, to Miramar,” Mayor M. Wayne Messam said. “As a proven aviation and aerospace hub, we look forward to supporting Ontic’s continued growth and success in the City of Beauty and Progress.”

In this 64,000-square-foot space, the company will be performing electro-mechanical, avionics and hydraulics work with a staff of 150, the release says.

On Nov. 5 the facility’s ribbon cutting was attended by Greater Fort Lauderdale Alliance CEO Bob Swindell, Messam and Broward County District 3 Commissioner Michael Udine, among others.

“The opening of our first-ever Ontic MRO Center of Excellence marks an important first milestone in the creation of our new global MRO network, which will increase turnaround time and transparency, and transform how we support airlines and operators,” Ontic Vice President of Global MRO Operations Jack Karapetyan said in the release.

The facility recently was approved by the Federal Aviation Administration, according to Ontic, which has left 12,000 square feet of space in the facility open for future expansions, the release says.

“Florida was the natural choice for our expansion as it is already an MRO hub with ample skilled labor and a business-friendly environment, which also acts as a gateway to South American markets,” Karapetyan said. “I’m excited by this investment that will build and grow our MRO operations and enable us to become a benchmark for other MRO centers in the industry.”