HEICO

Aftermarket stakeholders cite challenges with inflation in the parts market.

Aerospace and electronics company HEICO Corporation had a strong fiscal third quarter.

HEICO Corporation had a strong fiscal third quarter as its revenue rose 27% to a record $722.9 million and operating income increased 16% to $149.4 million.

The aftermarket has seen some big mergers recently, such as Heico’s purchase of Wencor. Editors discuss why mergers are picking up and the outlook for more.

In the wake of supply chain bottlenecks, airlines are turning to used parts and PMA parts.

Heico’s strategy has been affirmed by Fitch Ratings, which gave the PMA parts manufacturer investment grade status with its first rating of the company.

Heico’s acquisition of Wencor, announced May 15, combines two of the largest FAA-approved parts manufacturer approval (PMA) specialists.

Heico Corp. plans to acquire Wencor Group for $2.05 billion by the end of 2023.

Why parts manufacturer approval usage is expanding in aircraft maintenance.

Component MROs are expanding facilities and acquiring new businesses to grow capabilities.