HEICO Corp - Company Profile
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Business Description
HEICO Corp (HEICO) is a manufacturer of jet engines, aircraft component replacement parts. It also manufactures various electronic equipment for defense, space, aviation, telecommunications, medical and electronics industries.
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R&D Overview
HEICO engages in the research and development, design, manufacture, and sale of FAA-approved replacement parts for domestic and foreign commercial air carriers and aircraft repair and overhaul companies. The company intends to develop proprietary techniques, including software and manufacturing expertise, to manufacture jet engine and aircraft component replacement parts. It primarily relies on trade secret protection instead of material patents. HEICO is committed to developing new products and services and further market penetration. In FY2023, the company incurred expenses of US$95.7 million on R&D, which as a percentage of revenue, stood at 3.2%.
Business Segments
Overview
Designs, manufactures and markets electro-optical, data and microwave, and electronic products such as laser rangefinder receivers, infrared simulation and test equipment, underwater locator beacons, electrical power supplies, emergency locator transmission beacons, flight deck annunciators, panels, and indicators, radio frequency interference shielding and filters, cable assemblies, high voltage interconnection devices, flash lamp drivers, arc lamp power supplies.
Performance
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Overview
Designs and manufactures jet engines and aircraft component replacement parts through its subsidiaries HEICO Aerospace Holdings Corp and HEICO Flight Support Corp. Also repairs, overhauls, and distributes jet engine and avionics and instruments for aerospace, defense, industrial, and commercial applications. Manufactures and markets speciality parts as a subcontractor for aerospace and industrial original equipment manufacturers (OMEs). Also Designs and manufactures thermal insulation blankets.
Performance
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Geographical Segments
Performance
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Performance
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