General Tool Company

General Tool Company (GTC) announced a significant expansion of its Cincinnati manufacturing facility to increase production throughput of the Rolls-Royce AG9160RF gas turbine generator set for the U.S. Navy's Arleigh Burke Class destroyer program, scaling from two to three ships annually. The expansion added 47 new jobs.

Ventus Industrial Partners has formed Aeron Defense and acquired General Tool Company (GTC) and Magna Machine Company, in partnership with GenNx360 Capital Partners and Admiralty Partners. GTC and Magna will be reunited under the GTC name, creating a combined defense manufacturing business with 550,000 square feet of facilities in northern Cincinnati.

General Tool Company of Reading, Ohio received new long-term contracts for aircraft carriers, destroyers, radar, and F-35 components in 2023, leading to a 20% workforce growth and investment in new machine tools.