HEICO

HEICO Corporation is an aerospace and electronics company, which manufactures products found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems.

HEICO Corporation
TypePublic company
Industry
  • Aerospace
  • Defense
  • Electronics
Founded1957 (1957) as Heinicke Instruments
FounderWilliam Heinicke
HeadquartersHollywood, Florida, U.S.
Key people
  • Laurans A. Mendelson
  • (chairman & CEO)
  • Eric A. Mendelson
  • (co-president)
  • Victor H. Mendelson
  • (co-president)
RevenueIncrease US$1.9 billion (2021)
Increase US$393 million (2021)
Decrease US$304 million (2021)
Total assetsIncrease US$3.5 billion (2021)
Total equityIncrease US$2.3 billion (2021)
Number of employees
c. 5,600 (October 2021)
Websiteheico.com
Footnotes / references
[1]

HEICO's Flight Support Group is the largest independent provider of FAA-approved aircraft replacement parts; a provider of aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; commercial aviation and military aviation parts distribution; and a manufacturer of other aircraft parts.

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 acquired more than eighty specialized businesses.

Acquisitions include: Engineering Design Team, Inc. (2005),[2][3] Switchcraft (2011),[4] Quell Corporation (December 2019),[5] BERNIER (July 2019),[6] 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.[7]

Connect Tech Inc. announced its acquisition by HEICO Corporation on 18 August 2020.[8]

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:

  • FAA-approved Parts Manufacturer Approval parts and DER-approved repairs
  • Aircraft and engine component maintenance, repair and overhaul
  • Electrical and electro-optical components

References
  1. "HEICO Corporation 2021 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 21 December 2021.
  2. "Florida company buys Engineering Design Team". Portland Business Journal. 2005-11-04. Retrieved 2022-06-03.
  3. "HEICO Corporation Acquires Engineering Design Team, Inc". EDT. 2005-11-04. Retrieved 2022-06-03.
  4. "Switchcraft: Company History". Switchcraft.com. Archived from the original on 2021-08-14. Retrieved 2021-12-25.
  5. "Heico Corp. (HEI) acquired 80.1% of Quell Corporation". StreetInsider.com. Retrieved 2020-03-27.
  6. "HEICO Corporation Acquires Leading French Interconnect Business". Bloomberg.com. 2 July 2019. Retrieved 2020-03-27.{{cite news}}: CS1 maint: url-status (link)
  7. GmbH, finanzen net. "HEICO Corporation Acquires Two Preeminent Surveillance Countermeasures Companies | Markets Insider". markets.businessinsider.com. Retrieved 2020-08-14.
  8. Connect Tech (18 August 2020). "HEICO Corporation Acquires Connect Tech Inc". connecttech.com. Retrieved 2020-08-18.
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