HEICO
HEICO Corporation is an aerospace and electronics company that focuses on niche markets.
 | |
| Type | Public company |
|---|---|
| NYSE: HEI NYSE: HEI.A (Class A) Russell 1000 Index Component | |
| Industry | Aerospace Defense Electronics |
| Founded | 1957 as Heinicke Instruments |
| Founder | Dr. William Heinicke |
| Headquarters | Hollywood, Florida, United States |
Key people | Laurans A. Mendelson (Chairman, CEO) Eric A. Mendelson (Co-President) Victor H. Mendelson (Co-President) |
 US$327.9 million (2019) | |
| Total assets | US$2.969 billion (2019) |
| Total equity | US$1.694 billion (2019) |
Number of employees | Over 6,000 in 72 facilities within the USA, Canada, Europe, the Middle East, and Asia |
HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems.
HEICO's Flight Support Group is the world's largest independent provider of FAA-approved aircraft replacement parts; a significant provider of aircraft accessories component repair & overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; Commercial and Military aircraft parts distribution; and a manufacturer of other aircraft parts.
HEICO’s Electronic Technologies Group designs and manufactures niche electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other equipment used worldwide.
HEICO’s customers include airlines, overhaul shops, satellite manufacturers, commercial and defense equipment producers, medical equipment manufacturers, government agencies, telecommunications equipment suppliers and others.
Products
HEICO's products can be found on large commercial aircraft, regional, business and military aircraft, industrial turbines, medical equipment, rockets, satellites, targeting systems, missiles and electro-optical devices.
Products include:
- Over 11,000 FAA-approved PMA Parts and over 6,000 DER-approved repairs
- Aircraft and engine component maintenance, repair and overhaul
- Electrical and electro-optical components
History
When it began in 1957, HEICO focused on manufacturing laboratory equipment and after an acquisition in 1974, HEICO focused on replacement parts for commercial aviation as well as providing maintenance and repair services. Since 1990, HEICO has acquired more than eighty specialized businesses and has grown to over 6,000 team members worldwide.
Acquisitions
Acquisitions include: Quell Corporation (December 2019),[1] BERNIER (July 2019),[2] Research Electronics International, LLC (June 2019), Decavo, LLC (February 2019), Solid Sealing Technology, Inc., Apex Microtechnology, Inc., Specialty Silicone Products, Inc., Optical Display Engineering, Emergency Locator Transmitter Beacon product line of Instrumar Limited, and Sensor Technology Engineering, Inc.
In August 2020, HEICO announced that its Electronic Technologies Group acquired Intelligent Devices, LLC, and Transformational Security, LLC.[3]
Connect Tech Inc. announced its acquisition by HEICO Corporation on 18 August 2020.[4]
References
- "Heico Corp. (HEI) acquired 80.1% of Quell Corporation". StreetInsider.com. Retrieved 2020-03-27.
- "HEICO Corporation Acquires Leading French Interconnect Business". www.bloomberg.com. Retrieved 2020-03-27.
- GmbH, finanzen net. "HEICO Corporation Acquires Two Preeminent Surveillance Countermeasures Companies | Markets Insider". markets.businessinsider.com. Retrieved 2020-08-14.
- Inc, Connect Tech. "HEICO Corporation Acquires Connect Tech Inc". connecttech.com. Retrieved 2020-08-18.