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HEICO Corporation (NYSE: HEI.A, NYSE: HEI) is a leading player in niche segments of the aviation, defense, space, medical, telecommunications, and electronics industries. With its headquarters in Hollywood, Florida, HEICO operates primarily through two major subsidiaries: the Flight Support Group and the Electronic Technologies Group, based in Miami, Florida.

HEICO's core business involves the design, production, servicing, and distribution of specialized products and services. The company serves a diverse customer base, including most of the world's airlines, overhaul shops, defense and space contractors, military agencies, and manufacturers in the medical, telecommunications, and electronics sectors. By focusing on these niche markets, HEICO has established itself as a reliable supplier of high-quality, innovative solutions.

One of HEICO's significant achievements includes the recent introduction of the SVLFL5000 Series of space-qualified DC-DC converters by its subsidiary, VPT, Inc. These converters are designed to withstand harsh radiation environments and are suitable for use in low Earth orbit (LEO), medium Earth orbit (MEO), geostationary orbit (GEO), deep space missions, and launch vehicle programs. The SVLFL5000 Series is characterized by Total Ionizing Dose (TID) performance, including Enhanced Low Dose Rate Sensitivity (ELDRS) to 60 krad, and operates over the full military temperature range of -55°C to +125°C without power derating.

HEICO's financial condition remains robust, supported by a strategic approach to business development and strong partnerships with key industry players such as NASA, ESA, Lockheed Martin, Boeing, BAE Systems, and Thales. The company continues to expand its product offerings and enhance its capabilities through continuous innovation and technological advancement.

For more information about HEICO Corporation and its latest developments, please visit www.heico.com.

08/24/2023 08:30 AM

News

Two HEICO Subsidiaries Supply Mission-Critical Parts on India's Chandrayaan Spacecraft

Rhea-AI Summary

HEICO Corporation's subsidiaries, 3D PLUS and Exxelia, supplied mission-critical electronic components on India's Chandrayaan-3 spacecraft, which successfully landed on the Moon's South Pole. 3D PLUS provided EEPROM and SDRAM modules, while Exxelia supplied Tantalum Capacitors, EMI Filters, and inductors. The Chandrayaan-3 mission aims to measure the Moon's thermal conductivity and temperature, seismicity, plasma density, and complete lunar laser ranging studies. HEICO congratulated ISRO for the successful mission. No concrete business takes affecting stock price were identified.

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VPT Announces Release of SVLFL5000 Series of Space-Qualified DC-DC Converters

Rhea-AI Summary

VPT, Inc. announces the availability of its SVLFL5000 Series of space-qualified DC-DC converters. The series is operable over the full military temperature range with no power derating and is suited for use in various space missions. It has a wide input voltage range of 30 to 60V and comes in single and dual outputs. The series will be qualified to MIL-PRF-38534 Class H and Class K pending DLA approval.

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HEICO Corporation Announces Regular Quarterly Conference Call

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HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) will release its financial results for the third quarter ended July 31, 2023 on August 28, 2023. The earnings release will be available on the company's website. HEICO will hold a conference call on August 29, 2023 to discuss the results. The company has two classes of common stock traded on the NYSE, with the only difference being the voting rights.

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FAQ

What is HEICO Corporation?

HEICO Corporation is a company engaged in the design, production, servicing, and distribution of specialized products for the aviation, defense, space, medical, telecommunications, and electronics industries.

Where is HEICO headquartered?

HEICO is headquartered in Hollywood, Florida, with significant operations in Miami, Florida.

What recent product has HEICO introduced?

HEICO recently introduced the SVLFL5000 Series of space-qualified DC-DC converters through its subsidiary, VPT, Inc.

Who are HEICO's major customers?

HEICO's major customers include most of the world's airlines, overhaul shops, defense and space contractors, military agencies, and manufacturers in the medical, telecommunications, and electronics sectors.

What industries does HEICO serve?

HEICO serves the aviation, defense, space, medical, telecommunications, and electronics industries.

What are the features of the SVLFL5000 Series converters?

The SVLFL5000 Series converters are space-qualified, characterized by TID performance, and operable over the full military temperature range without power derating. They are suitable for LEO, MEO, GEO, deep space missions, and launch vehicle programs.

What is the significance of the SVLFL5000 Series in the space industry?

The SVLFL5000 Series offers high reliability and performance in harsh radiation environments, making them ideal for critical space missions requiring dependable power solutions.

How does HEICO ensure high quality in its products?

HEICO ensures high quality through advanced engineering, rigorous testing, and strong partnerships with leading industry players like NASA and Lockheed Martin.

What makes HEICO a unique player in its industry?

HEICO's focus on niche markets, continuous innovation, and strategic partnerships make it a unique and reliable supplier of specialized products and services.