Heico Corporation HEI

HEICO Corporation designs, produces, and distributes products and services to the telecommunications, electronics, medical, space, defence, and aviation industries. Operating globally, HEICO supplies products for a variety of aircraft, industrial turbines, targeting systems, electro-optical devices, and missiles. Founded in 1957, the company has its headquarters in Hollywood, Florida.

HEICO operates its business through two segments: Electronic Technologies Group (ETG) and Flight Support Group (FSG). The ETG segment includes HEICO Electronic Technologies Corp and its subsidiaries. This segment handles the design, manufacture, and sale of a variety of electronic, electro-optical, and data and microwave products, such as laser rangefinder receivers, electrical power supplies, and infrared simulation equipment. HEICO's FSG segment includes HEICO Flight Support Corp. and HEICO Aerospace Holdings Corp. and its subsidiaries. Through this segment, the company designs and manufactures jet engine and aircraft components and replacement parts, as well as performing repair, overhaul, and distribution of the same.

HEICO stock is listed on the NYSE under the ticker HEI. The company went public in 1960. HEICO has recently made several acquisitions. On 8th March, 2021, HEICO announced that its ETG segment had acquired Pyramid Semiconductor LLC. On 24th June, 2021, the company's FSG segment acquired 80.1% of the operating assets of Camtronics LLC. The same segment acquired Ridge Engineering, Inc. and The Bechdon Company, Inc. on 5th August, 2021, and Paciwave, Inc. on 4th October, 2021.

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