Profile: HEICO Corp (HEI)
17 Nov 2017
HEICO Corporation, incorporated on January 27, 1993, is a manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company is also a manufacturer of various types of electronic equipment for the aviation, defense, space, industrial, medical, telecommunications and electronics industries. The Company operates through two segments: Flight Support Group (FSG) and Electronic Technologies Group (ETG). The FSG segment consists of HEICO Aerospace Holdings Corp. and HEICO Flight Support Corp. and their collective subsidiaries. The ETG segment consists of HEICO Electronic Technologies Corp. and its subsidiaries.
Flight Support Group
The FSG segment designs and manufactures jet engine and aircraft component replacement parts. In addition, the Flight Support Group repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies, as well as military and business aircraft operators, and manufactures thermal insulation products, complex composite assemblies and other component parts primarily for aerospace, defense, industrial and commercial applications. It engages in the research and development, design, manufacture and sale of FAA-approved replacement parts that are sold to domestic and foreign commercial air carriers and aircraft repair and overhaul companies. The FSG's factory-new replacement parts include various jet engine and aircraft component replacement parts.
The FSG provides repair and overhaul services on selected jet engine and aircraft component parts, as well as on avionics, instruments, composites and flight surfaces of commercial aircraft operated by domestic and foreign commercial airlines. The Flight Support Group also provides repair and overhaul services, including avionics and navigation systems, as well as subcomponents and other instruments utilized on military aircraft operated by the United States government and foreign military agencies and for aircraft repair and overhaul companies. Its services include the repair, refurbishment and overhaul of numerous accessories and parts mounted on gas turbine engines and airframes. The repair and overhaul services provided by the Flight Support Group are repairs approved by an FAA-qualified designated engineering representative (DER).
The Flight Support Group distributes FAA-approved parts, including hydraulic, pneumatic, structural, mechanical and electro-mechanical components for the commercial, regional and general aviation markets. The FSG is a supplier, distributor and integrator of military aircraft parts and support services primarily to foreign military organizations allied with the United States. It engineers, designs and manufactures thermal insulation blankets and parts, as well as renewable/reusable insulation systems primarily for aerospace, defense, commercial and industrial applications. It also manufactures specialty components for sale as a subcontractor for aerospace and industrial original equipment manufacturers and the United States government. In addition, the FSG manufactures components and complex composite assemblies for commercial aviation, defense and space applications and manufactures expanded foil mesh, which is integrated into composite aerospace structures for lighting strike protection in fixed and rotary wing aircraft.
Electronic Technologies Group
The ETG segment designs and produces mission-critical subcomponents for various markets, which are utilized in larger systems, including targeting, tracking, identification, simulation, testing, communications, lighting, surgical, medical imaging, baggage scanning, telecom and computer systems. These systems are, in turn, often located on another platform, such as aircraft, satellites, ships, spacecrafts, land vehicles, handheld devices and other platforms. The ETG segment designs and manufactures simulation, testing and calibration equipment used in the development of missile seeking technology, airborne targeting and reconnaissance systems, shipboard targeting and reconnaissance systems, space-based sensors as well as ground vehicle-based systems. These products include infrared scene projector equipment, such as its MIRAGE IR Scene Simulator, high precision blackbody sources, software and integrated calibration systems.
The Electronic Technologies Group is a designer and maker of Laser Rangefinder Receivers and other photodetectors used in airborne, vehicular and handheld targeting systems manufactured by various military contractors. Its Rangefinder Receiver product offering consists of products, which detect reflected light from laser targeting systems and allow the systems to confirm target accuracy and calculate target distances prior to discharging a weapon system. Some of these products are also used in laser eye surgery systems for tracking ocular movement. The ETG segment produces power supplies, amplifiers and flash lamp drivers used in laser systems for military, medical and other applications that are utilized with its rangefinder receivers. It also produces emergency back-up power supplies and batteries used on commercial aircraft and business jets for services such as emergency exit lighting, emergency fuel shut-off, power door assists, cockpit voice recorders and flight computers. It also designs and manufactures wireless cabin control systems, solid state power distribution and management systems and fuel level sensing systems for business jets and for general aviation, as well as for the military/defense market. Its power electronics products include capacitor charger power supplies, laser diode drivers, arc lamp power supplies and custom power supply designs.
The Company's microwave products are used in both commercial and military satellites, spacecrafts and in electronic warfare systems. These products, which include isolators, bias tees, circulators, latching ferrite switches and waveguide adapters are used in satellites and spacecrafts to control or direct energy according to operator needs. Its microwave products include converters, receivers, transmitters, amplifiers, frequency sources and related sub-systems that address various satellite frequencies. The ETG designs and manufactures shielding used to prevent electromagnetic energy and radio frequencies from interfering with other devices, such as computers, telecommunication devices, avionics, weapons systems and other electronic equipment. Its products include a line of shielding applied directly to circuit boards and a line of gasket-type shielding applied to computers and other electronic equipment. The ETG segment designs and manufactures interface products utilized in homeland security, defense, medical research, astronomical and other applications across various industries.
The Electronic Technologies Group designs and manufactures interconnection devices, cable assemblies and wire for the medical equipment, defense and other industrial markets. Its products are utilized in aircraft missile defense, fighter pilot helmet displays, avionic systems, medical applications, wireless communications, and industrial applications, including high voltage test equipment and underwater monitoring systems. It designs and manufactures a line of high voltage energy generators for medical, baggage inspection and industrial imaging systems, and offers a line of high frequency power delivery systems for the commercial sign industry. It also produces high voltage power supplies found in satellite communications, computerized tomography (CT) scanners and in medical and industrial x-ray systems. The Electronic Technologies Group designs and provides power conversion products principally serving the military, space and commercial avionics end-markets.
The Electronic Technologies Group designs and manufactures underwater locator beacons (ULBs) used to locate aircraft Cockpit Voice Recorders and Flight Data Recorders, marine ship Voyage Recorders and various other devices, which have been submerged under water. It designs and manufactures traveling wave tube amplifiers (TWTAs) and microwave power modules (MPMs) predominately used in radar, electronic warfare, on-board jamming and countermeasure systems in aircraft, ships and detection platforms deployed by the United States and allied non-United States military forces. It designs, manufactures and markets three-dimensional microelectronic and stacked memory products, including memories, point of load (POL) voltage converters and peripherals, industrial memories, and complex system-in-package (SiP) solutions.
The Electronic Technologies Group designs and manufactures electronic connectors and other interconnect products. These products include connectors, jacks and plugs, cables, patch panels and switches utilized in aviation, broadcast/audio, defense, industrial, medical and other equipment. The Electronic Technologies Group designs and manufactures radio frequency and microwave amplifiers, transmitters and receivers to support military communications on unmanned aerial systems, other aircraft, helicopters and ground-based data/communications systems. The Electronic Technologies Group designs and manufactures receiver and radio frequency digitizer products for military and intelligence applications.
The Company competes with Pratt & Whitney, General Electric and Rolls Royce.
3000 Taft St
HOLLYWOOD FL 33021
Company Web Links
- BRIEF-Heico Corp announces record $1.3 billion credit facility
- BRIEF-Heico corp subsidiary acquires Interface Displays & Controls Inc
- BRIEF-HEICO reports Q3 earnings per share of $0.53
- BRIEF-Heico to buy Aeroantenna Technology in its largest acquisition
- BRIEF-Heico Corp acquires composites manufacturer Carbon by Design