HEICO

HEICO

Type	Public
Traded as	NYSE: HEI, NYSE: HEI.A
Industry	Aerospace Defense Electronics
Founded	1957 as Heinecke Instruments Co
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)
Net income	US$1.2 billion (2015)
Total assets	US$1.736 billion (2015)
Total equity	US$893.3 million (2015)
Number of employees	Approximately 5,000 Team Members in 58 facilities within the USA, Canada, Europe, the Middle East, and Asia
Website	www.HEICO.com

Based in Hollywood, Florida,^[1] HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) is a rapidly growing aerospace and electronics company that focuses on niche markets and cost-saving solutions for its customers.

HEICO’s products are found in the most demanding applications requiring high-reliability parts and components, such as aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. Through our Flight Support Group, we are: 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; a leader in Commercial and Military aircraft parts distribution; and a manufacturer of other aircraft parts.

HEICO’s Electronic Technologies Group designs and manufactures mission-critical, niche electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other complex equipment used worldwide.

HEICO’s customers include most of the world’s 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 10,000 FAA approvals on parts
• Aircraft 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 sixty specialized businesses and has added an Electronic Technologies Group reporting segment to the established Flight Support Group.

In 2016, HEICO was listed as one of the Most Trustworthy Companies in America by Forbes. HEICO was also listed as one of the Most Innovative Growth Companies by Forbes in 2014 and 2015, as well as 10 years as their top 200 Best Small Companies – five of those being in the top 100.

Recent acquisitions

Recent acquisitions include: 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.

References

External links

• HEICO Corporation