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Heico to purchase the Fuel Containment division of Axillon Aerospace
HEICO's Electronic Technologies Group has agreed to acquire Axillon Aerospace's Fuel Containment Business from affiliates of SK Capital Partners for cash payable at closing. Financial terms and details were not disclosed. SK Capital will continue to own Axillon Aerospace's Engineered Composites business. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. Axillon Fuel Containment is the leading military specification fuel-cell designer and manufacturer for US-built military aircraft, as well as certain commercial aircraft and military ground vehicles. Its products provide crashworthy and, often, ballistically tolerant fuel cells on a broad range of aircraft and defense systems, 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. Axillon Fuel Containment also makes sealants used in aerospace and defense applications. Originally part of Goodyear Tire & Rubber, Axillon Fuel Containment pioneered self-sealing fuel tanks during World War II and later created the world's first crashworthy fuel-cell. Its products are mission-critical and life-saving items relied on by the US military, along with numerous aircraft and defense manufacturers. Based in Rockmart, GA, Axillon Fuel Containment employs approximately 530 people in the business' nearly 600,000 square foot engineering, manufacturing and management facility located there. Axillon Fuel Containment will remain in its current facilities after closing and HEICO stated that it does not expect any material staff turnover at Axillon Fuel Containment. Further, Axillon Fuel Containment will continue to be overseen by its current management team, led by Tom Holst. Closing is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. HEICO stated that it expects the closing to occur in the first calendar quarter of 2026. Axillon Fuel Containment's name will change post-closing to a name that will soon be selected.
Heico reveals the death of executive chairman Laurans Mendelson.
HEICO reported that Laurans A. Mendelson, the Company's Executive Chairman of the Board, passed away on September 27, 2025 at age 87. Following Mr. Mendelson's passing, Eric A. Mendelson and Victor H. Mendelson, the Company's Co-Vice Chairmen and Co-Chief Executive Officers were named Co-Chairmen of the Company's Board of Directors, in accord with HEICO's long-existing succession plans approved by the Company's Board of Directors. They remain the Company's Co-Chief Executive Officers. The Company further stated that it does not anticipate any changes to HEICO's business or operations as a result of Mr. Mendelson's passing.
Heico announces Q3 earnings per share of $1.26, surpassing consensus estimate of $1.14.
Reports Q3 revenue $1.15B, consensus $1.12B. Laurans A. Mendelson, HEICO's Executive Chairman, along with Co-Chief Executive Officers Eric A. Mendelson and Victor H. Mendelson, commented on the Company's third quarter results stating, "We are proud to report record quarterly net income, operating income and net sales, mainly reflecting robust double-digit consolidated organic net sales growth. These results are highlighted by consistently strong organic net sales growth across the Flight Support Group's product lines and impressive double-digit organic net sales growth for the Electronic Technologies Group's other electronics and space products. As we look ahead, we remain confident in achieving net sales growth across both the Flight Support Group and Electronic Technologies Group segments, driven by continued organic demand for most of our products. Additionally, we aim to accelerate growth through our recently completed acquisitions, while capitalizing on acquisition opportunities. Our disciplined financial strategy continues to focus on maximizing long-term shareholder value through a balanced approach of strategic acquisitions and organic growth initiatives aimed at gaining market share, while maintaining a strong financial position and preserving flexibility."
Heico acquires Gables Engineering, terms not disclosed
HEICO announced that its Electronic Technologies Group has acquired Gables Engineering for cash at closing. Further transaction terms and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the purchase. Founded in 1946, Gables Engineering is a leading designer and manufacturer of advanced avionics controls, including navigation, audio, surveillance, and communication panels for a wide range of aircraft. Its integrated operations support both OEM production and aftermarket services. Gables Engineering is a trusted supplier to global aircraft OEMs, Tier 1 avionics providers and major airlines. Headquartered in a state-of-the-art 108,000 square foot facility in Coral Gables, FL, the company performs key engineering and manufacturing in-house with its talented team of more than 200 professionals, including engineers and technicians. Since its founding nearly 80 years ago by Victor P. Clarke, Gables Engineering has been known as a pioneering aviation innovator developing advanced solutions for leading aerospace platforms, most recently including items like the modern touchscreen cockpit displays for the Boeing 737 MAX. Gables Engineering's products are an industry standard and have been line fit equipment on generations of airliners and business aircraft for many decades.
Heico increases cash dividend by 9% to 12c per share
HEICO Corporation announced that its Board of Directors declared a $.12 per share semiannual cash dividend payable on all shares of its Class A Common Stock and its Common Stock. The amount is 9% greater than the Company's last cash dividend of $.11 per share paid earlier this year.
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