HEICO Completes Acquisition of Axillon Aerospace's Fuel Containment Business
HEICO announced that its Electronic Technologies Group completed its previously announced acquisition of Axillon Aerospace's Fuel Containment Business. Axillon Fuel Containment will be renamed Rockmart Fuel Containment. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the closing. The acquisition further expands HEICO's presence within the growing defense industry, as Rockmart's solutions assist the U.S. Department of War with its programs. Terms and financial details were not disclosed. As previously reported, the sellers retained Axillon Aerospace's Engineered Composites business. Headquartered in Rockmart, GA, Rockmart employs approximately 530 people in its nearly 600,000 square-foot facility. For over 80 years, Rockmart has been the standard for self-sealing and crashworthy fuel cell technology for the U.S. military, as well as aircraft and defense manufacturers. Rockmart designs and manufactures military specification fuel systems for US-built military aircraft, select commercial aircraft, and military ground vehicles. Its crashworthy and ballistically tolerant fuel cells are deployed on a broad range of aircraft and defense platforms, including, among many others, the F-16, F-15, F/A-18, CH-47 Chinook, KC 135, B-52, AH-64 Apache, V-22 Osprey and the Bradley Fighting Vehicle. The business also specializes in sealants used in aerospace and defense applications.
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