HEI News & Events

HEICO Corporation "commends" NASA and its team for a successful Artemis II mission, and reports that its subsidiaries 3D PLUS, Exxelia, and VPT supplied mission-critical electronic components on NASA's Artemis II mission.

HEICO Corporation announced that its Electronic Technologies Group acquired 90% of Southwest Antennas for cash paid at closing. The balance of the Company will continue to be owned by SWA's CEO, Ben Culver. Further terms and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the closing. Eric Mendelson and Victor Mendelson, HEICO's Co-Chairmen and Chief Executive Officers jointly remarked, "This acquisition marks a milestone in our continued expansion in the antenna market. Having known and admired SWA for many years, we believe it is a natural fit for HEICO and we enthusiastically welcome SWA's team to the HEICO family."

HEICO Corporation announced that its Flight Support Group has acquired 80% of the stock of Sherwood Avionics and Accessories. The balance of the Company's ownership will continue to be held by members of Sherwood's management team. Transaction terms and financial details were not disclosed. Eric Mendelson and Victor Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, jointly commented: "The HEICO Team has admired Sherwood for decades and this represents a highly strategic addition to HEICO's Flight Support Group. Sherwood has an outstanding reputation for technical excellence and reliability in defense-focused MRO with strong OEM relationships, government alignment, and a culture of disciplined execution, thereby making it a perfect fit within HEICO's decentralized operating model. We are pleased to welcome the entire Sherwood team to the HEICO family."