Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 101

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 101
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 Inc. (“MC2”).  The remaining 12.1% interest continues to be owned by certain members of MC2's management team.  See Note 13, Redeemable Noncontrolling Interests, for additional information.  MC2 designs and manufactures proprietary in-cabin power and entertainment components and subsystems for business jets.  The purchase price of this acquisition was paid in cash using cash provided by operating activities.In September 2024, the Company, through a subsidiary of HEICO Electronic, acquired 92.5% of the stock of Marway Power Solutions, Inc. (“Marway”).  The remaining 7.5% interest continues to be owned by certain members of Marway's management team.  See Note 13, Redeemable Noncontrolling Interests, for additional information.  Marway designs and manufactures power distribution solutions for mission-critical systems deployed in defense, aerospace, communications, test & measurement, and industrial applications on land, air, and sea.  The purchase price of this acquisition was paid in cash using cash provided by operating activities.In August 2024, the Company, through a subsidiary of HFSC, acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell").  Capewell designs, manufactures and distributes emergency descent devices ("EDDs"), personnel and cargo parachute products, heavy airdrop platforms, and other highly-engineered products.  Capewell is a critical supplier to OEMs, end-users, and distributors.In December 2023, the Company, through a subsidiary of HFSC, entered into an exclusive license and acquired certain assets from Honeywell International for the capability to support the Boeing 737NG/777 Cockpit Display and Legacy Displays product lines.  The transaction provides the HFSC subsidiary with the exclusive capability to produce, sell, and repair Boeing 737NG/777 Cockpit Displays as well as other Legacy Displays for the Boeing 717, ATR, and select business and general aviation aircraft.  As part of this transaction, in May 2024, the same HFSC subsidiary completed an additional arrangement with Honeywell International under which it acquired licenses and certain assets to further enhance the manufacturing of new products, including screens for a military variant of the Boeing 737NG/777 Cockpit Display and Legacy Displays.  The purchase price of the May 2024 transaction was paid in cash using cash provided by operating activities.

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In March 2023, the Company, through a subsidiary of