HEICO

HEICO Corporation

Company type	Public company
Traded as	NYSE: HEI NYSE: HEI.A (Class A) Russell 1000 component
Industry	Aerospace Defense Electronics
Founded	1957 (1957) as Heinicke Instruments
Founder	William Heinicke
Headquarters	Hollywood, Florida, U.S.
Key people	Laurans A. Mendelson (chairman & former CEO) Eduardo de Sabrit (Current CEO) Eric A. Mendelson (co-president) Victor H. Mendelson (co-president) Rafael Coronell (Gender Equality Chair)
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

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.

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.