HEICO

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HEICO
Public
Traded as NYSEHEI
NYSEHEI.A (Class A)
Russell 1000 Component (HEI, HEI.A)
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)
Increase US$186 million (2017)
Total assets Increase US$2.512 billion (2017)
Total equity Increase US$1.248 billion (2017)
Number of employees
Approximately 5,000 in 58 facilities within the USA, Canada, Europe, the Middle East, and Asia
Website www.heico.com

Based in Hollywood, Florida, HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) is an aerospace and electronics company that focuses on niche markets.

HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. They are an 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[edit]

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 10,000 FAA approvals on parts
  • Aircraft component maintenance, repair and overhaul
  • Electrical and electro-optical components

History[edit]

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 sixty specialized businesses and has added an Electronic Technologies Group reporting segment to the established Flight Support Group.

Recent acquisitions[edit]

Recent[when?] acquisitions include: A2C Air Cost Control, 3D-Plus, SAS, Blue Aerospace LLC, CSI Aerospace, Inc., Switchcraft, Inc and Conxall, Ramona Research, Inc., Action Research Corporation, Lucix Corporation, Reinhold Industries, Inc., Aerospace & Commercial Technologies, LLC, Aeroworks International Holding, B.V., Astroseal Products Mfg. Corporation, Harter Aerospace, LLC, Midwest Microwave Solutions, Inc., Thermal Energy Products, Inc. and Robertson Fuel System, LLC, AeroAntenna Technology, Inc.

References[edit]