HEICO

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "HEICO" – news · newspapers · books · scholar · JSTOR (January 2021) (Learn how and when to remove this template message)

HEICO Corporation

Russell 1000 component
Industry	Aerospace Defense Electronics
Founded	1957; 67 years ago (1957) as Heinicke Instruments
Founder	William Heinicke
Headquarters	Hollywood, Florida, U.S.
Key people	Laurans A. Mendelson (chairman & former CEO) Eric A. Mendelson (co-president) Victor H. Mendelson (co-president)
Revenue	US$2.2 billion (2022)
Operating income	US$497 million (2022)
Net income	US$352 million (2022)
Total assets	US$4.1 billion (2022)
Total equity	US$2.6 billion (2022)
Number of employees	c. 6,500 (October, 2022)
Website	heico.com
Footnotes / references [1]

HEICO Corporation is an American aerospace and electronics company, which manufactures products found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. Since the mid-1990s, HEICO has been organized into two divisions to address these different markets: Flight Support Group and Electronic Technologies Group.^[2][3]

HEICO's Flight Support Group is the largest independent provider of FAA-approved aircraft replacement parts.^[4] It is 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 distribut٨ion; and a manufacturer of other aircraft parts.

History

When it began in 1957, HEICO focused on manufacturing laboratory equipment. After an acquisition in 1974, HEICO focused on replacement parts for commercial aviation as well as providing maintenance and repair services. Since the 1990s, a significant part of HEICO's business strategy has been acquiring niche product and service providers in the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO has completed over 90 such acquisitions since 1990.^[1]

Acquisitions include: Engineering Design Team, Inc. (2005),^[5][6] Switchcraft (2011),^[7] Quell Corporation (December 2019),^[8] BERNIER (July 2019),^[9] 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.^[10]

Connect Tech Inc. announced its acquisition by HEICO Corporation on August 18, 2020.^[11]

In May 2023, HEICO announced it had entered into an agreement to acquire Wencor Group.^[12] On August 4, 2023, HEICO announced it had completed this acquisition at total cost of $2.05 billion.^[13]

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