HEICO

Our History

1957

  • HEICO formed as Heinicke Instruments to design and sell laboratory equipment

1960

  • Company goes public
  • Sales reach $743,000

1970

  • Sales reach $2,380,000

1974

  • Company merges with Jet Avion Corporation and makes entry into aviation markets

1980

  • Sales reach $21,602,000

1986

  • Company changes its name to HEICO Corporation

1990

  • Both the Board of Directors and management are reconstituted.
  • The company sells the laboratory products business
  • Sales reach $26,239,000

1991

  • Company enters the medical diagnostic market with the formation of its MediTek Health Corp. subsidiary

1993

  • The Flight Support Group is formed

1996

  • MediTek sold in a profitable transaction and the Company begins focus on Aerospace, Defense, and Electronics markets
  • The Electronic Technologies Group is formed

1997

  • Lufthansa Technik buys 20% of the Flight Support Group
  • The Flight Support Group enters the Aircraft Accessory Component Repair & Overhaul business

1999

  • HEICO Corporation’s shares are listed on the New York Stock Exchange

2000

  • Company sells its successful Aircraft Ground Support Equipment maker, Trilectron Industries, Inc., in highly profitable transaction
  • Sales reach $202,909,000

2001

  • The Flight Support Group creates joint venture with American Airlines to develop aircraft parts

2002

  • Company vastly increases its aircraft parts product development budget following major industry downturn in order to benefit on upturn
  •  The Flight Support Group enters into Strategic Partnership with United Airlines

2003

  • The Flight Support Group enters into Strategic Partnerships with Air Canada and Delta Air Lines

2004

  • The Flight Support Group enters into a Strategic Partnership with Japan Airlines

2005

  • Company enters the Homeland Security market

2006

  • The Flight Support Group enters into Strategic Partnership with China Aviation Import and Export Group Corporation

2007

  • HEICO Celebrates its 50th Birthday
  • Sales surpass $500,000,000 for the first time

2009

  • Eric Mendelson and Victor Mendelson named Co-Presidents of HEICO Corporation
  • HEICO named Fast Track 50 in "Defense News"

2010

  • HEICO named one of the “Best 100 Small Companies” by Forbes Magazine
  • HEICO acquires Blue Aerospace, a distributor and supplier of critical airframe and other components for military aircraft

2011

  • The Electronic Technologies Group acquired France-based 3D-Plus
  • Sales increased to a record $764,891,000
  • Laurans A. Mendelson was named Top 100 Power Leaders by the South Florida Business Journal

2012

  • Laurans A. Mendelson was named Top 100 Power Leaders by the South Florida Business Journal

2013

  • HEICO surpasses $1 billion in sales
  • HEICO is named one of the Best Small Companies by Forbes Magazine for the seventh time

2014

  • HEICO is named one of the World's Most Innovative Growth Companies by Forbes Magazine for the first time

2015

  • HEICO is named one of the World's Most Innovative Growth Companies by Forbes Magazine for a second time
HEICO History