Heico and AEA unveil new strategic partnership

Today, on the occasion of the AEA Aviation Leadership Summit, the US‐based aerospace, industrial, defense and electronics group HEICO and the Association of European Airlines (AEA), which represents

Today, on the occasion of the AEA Aviation Leadership Summit, the US‐based aerospace, industrial, defense and electronics group HEICO and the Association of European Airlines (AEA), which represents Europe’s leading network carriers, have announced a new strategic partnership.

The agreement will bring the rapidly growing supplier of replacement jet engine parts and repairs even closer to its European customers. The partnership will also allow HEICO to access to AEA’s expertise in policy analysis and regular European regulatory updates.

“The European market is extremely important for HEICO. Partnering with AEA, the leading aviation association of Europe, is the natural next step to help create more value for our customers and the industry ” said Mr Alex de Gunten, Business Development Officer of HEICO.

“We are proud to announce the partnership with HEICO. As part of AEA’s policy agenda, we have been asking for a level playing field also in the maintenance, repair and overhaul industry. We believe that HEICO is a great partner to coordinate the issues and lobby together in the European
institutions” said Athar Husain Khan, CEO of AEA.

HEICO’s products can be found on large commercial aircraft, regional, business and military aircraft, as well as industrial turbines, targeting systems, missiles and electro-optical devices.

Products include:
FAA-approved PMA parts
Aircraft component maintenance, repair and overhaul
Electrical and electro-optical systems and components

History

When it began in the late 1950s, HEICO focused on replacement parts for commercial aviation and providing maintenance and repair services. Since 1990 HEICO has acquired more than forty small specialized businesses and added an electronic technologies division to the established flight support group.[3] On December 23, 2005, HEICO Corp. said its net sales increased 25 percent for the fiscal year ended Oct. 31, going from $216 million the previous year to $270 million.

In 2009, HEICO was listed as one of the 200 Best Small Companies for the 4th consecutive year by Forbes list.[5] HEICO is a member of MARPA, the Washington, D.C.-based trade association that represents manufacturers of government-approved after market aircraft parts.
Recent Acquisitions

On November 4, 2005, HEICO Corporation announced that its Electronic Technologies Group had acquired all of the stock of Engineering Design Team, Inc. and substantially all of the assets of an EDT affiliate for cash consideration.

On September 11, 2007 the HEICO Electronic Technologies Group acquired the Canadian company EMD Technologies, which makes high-voltage energy generators for X-ray imaging devices (health, industry and security applications).

In May 2009, 82.5% of VPT, Inc. was acquired by HEICO Corporation’s Electronic Technologies Group.

On February 17, 2010 the HEICO Electronic Technologies Group acquired substantially all of the assets and certain liabilities of dB Control, a producer of Traveling Wave Tube Amplifiers(“TWTA”), Microwave Power Modules (“MPM”) and other high-power devices used in both defense and commercial applications.

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Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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