HEI.A

HEICO Corporation manufactures FAA-approved jet engine and aircraft component replacement parts and various electronic technologies for the aviation, defense, space, medical, telecommunications, and electronics industries. Headquartered in Hollywood, Florida, the company operates through two principal segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The FSG develops and manufactures jet engine and aircraft component replacement parts, while the ETG designs and manufactures electronic equipment for commercial aviation, defense, space, medical, and telecommunications applications. HEICO serves commercial airlines, aircraft leasing companies, military forces, and aerospace original equipment manufacturers worldwide. The company operates more than 80 subsidiaries and employs approximately 6,700 people globally. HEICO has built its business model around providing cost-effective alternatives to OEM parts, typically offering 20-50% savings to customers. The company pursues a disciplined acquisition strategy focused on niche manufacturers with strong market positions and proven management teams. Recent strategic developments include the 2023 acquisition of Eaton's Commercial Aerial Refueling business and continued expansion in space and defense electronics. HEICO's co-CEO structure, with Eric Mendelson and Carlos Macau leading operations, supports its decentralized management philosophy. The company maintains a reputation for operational excellence, consistent profitability, and strong cash flow generation across economic cycles.