Heico Corp (NYSE: HEI)

HEICO Corporation is a global manufacturer of Federal Aviation Administration approved aircraft components and electronic systems serving aerospace defense space medical telecommunications and related industries.

HEICO Corporation generates revenue by designing manufacturing repairing overhauling and distributing aircraft replacement parts and by designing manufacturing electronic data microwave and electro optic products for a diverse customer base that includes commercial airlines repair facilities original equipment manufacturers and government agencies.

The company operates through the following segments: Flight Support Group and Electronic Technologies Group.

• Flight Support Group designs manufactures repairs overhauls and distributes Federal Aviation Administration approved jet engine and aircraft component replacement parts supplies specialty components to original equipment manufacturers and the United States government provides repair and overhaul services for avionics instruments composites and flight surfaces distributes pneumatic structural interconnect mechanical and electro mechanical components and manufactures thermal insulation blankets expanded foil mesh for lightning strike protection and emergency descent devices and personnel and cargo parachute products.

• Electronic Technologies Group designs manufactures and sells infrared simulation and test equipment laser rangefinder receivers power supplies avionics components electromagnetic interference shielding high speed interface products high voltage interconnection devices power conversion modules underwater locator beacons emergency locator transmission beacons traveling wave tube amplifiers memory products harsh environment connectors radio frequency and microwave antennas nuclear radiation detectors silicone materials high end power amplifiers ceramic to metal feedthroughs technical surveillance countermeasures equipment rugged small form factor embedded computing solutions test sockets adapters radiation assurance services and high reliability passive electronic components and rotary joint assemblies for aerospace defense medical and industrial applications.

HEICO Corporation believes it is the world's largest manufacturer of Federal Aviation Administration approved jet engine and aircraft component replacement parts other than original equipment manufacturers and it is a leading producer of electronic equipment for aviation defense space medical telecommunications and electronics markets. The company competes with original equipment manufacturers such as General Electric Pratt & Whitney and Rolls Royce as well as independent parts distributors and specialized electronic firms. Its competitive advantages stem from proprietary technology Federal Aviation Administration approvals strong customer relationships a disciplined acquisition strategy and sustained investment in research and development.

HEICO Corporation serves a broad customer base that includes domestic and foreign commercial and cargo airlines aircraft repair and overhaul facilities original equipment manufacturers domestic and foreign military units electronic manufacturing services companies and manufacturers in the defense medical telecommunications scientific and industrial sectors. No single customer accounted for ten percent or more of total sales in the last three fiscal years.