Market Overview

HEICO Corporation Subsidiary Acquires Aftermarket Avionics Display Specialist


HEICO's 5th Acquisition In
The Past 12 Months

HEICO Corporation (NYSE:HEI) (NYSE:HEI) today announced that a
subsidiary of its Flight Support Group has acquired 100% of the business
and assets of Optical Display Engineering ("ODE") in an all cash

HEICO stated that it expects the acquisition to be accretive to its
earnings in the year following the purchase. Further financial terms and
details were not disclosed.

ODE is an FAA-authorized Part 145 Repair Station focusing on the repair
of LCD screens and display modules for aviation displays used in
civilian and military aircraft. ODE also holds FAA-PMA authority to
supply products that it repairs.

ODE is currently located in Irvine, California, and will be relocated to
Highland Heights, Ohio where HEICO Flight Support Group's Inertial
Aerospace Services FAA/EASA repair station ("IAS") and Flight
Specialties PMA units are located.

Laurans A. Mendelson, HEICO's Chairman & Chief Executive Officer, and
Eric A. Mendelson, HEICO's Co-President and CEO of its Flight Support
Group, jointly noted, "Two years ago, we began the successful
integration of select inertial reference capabilities into IAS as a
licensee of Northrop Grumman, and we are very excited to broaden HEICO's
avionics and aviation electronics expertise. ODE continues our strategy
of expanding our repair and PMA capabilities serving airlines, OEMs and
independent repair stations with innovative solutions. Our disciplined
growth strategy remains the same and we will continue to look for
value-added, accretive acquisitions."

Located in Highland Heights, Ohio, Inertial Aerospace Services focuses
on the repair of Inertial Guidance, including innovative solutions for
avionics systems. Flight Specialties is co-located with IAS and develops
PMAs for a variety of aircraft applications including displays, keypads
and mechanical components. More information may be found at

HEICO Corporation is engaged primarily in the design, production,
servicing and distribution of products and services to certain niche
segments of the aviation, defense, space, medical, telecommunications
and electronics industries through its Hollywood, Florida-based Flight
Support Group and its Miami, Florida-based Electronic Technologies
Group. HEICO's customers include a majority of the world's airlines and
overhaul shops, as well as numerous defense and space contractors and
military agencies worldwide, in addition to medical, telecommunications
and electronics equipment manufacturers. For more information about
HEICO, please visit our website at

Certain statements in this press release constitute forward-looking
statements, which are subject to risks, uncertainties and contingencies.
HEICO's actual results may differ materially from those expressed in or
implied by those forward-looking statements as a result of factors
including: lower demand for commercial air travel or airline fleet
changes or airline purchasing decisions, which could cause lower demand
for our goods and services; product specification costs and
requirements, which could cause an increase to our costs to complete
contracts; governmental and regulatory demands, export policies and
restrictions, reductions in defense, space or homeland security spending
by U.S. and/or foreign customers or competition from existing and new
competitors, which could reduce our sales; our ability to introduce new
products and services at profitable pricing levels, which could reduce
our sales or sales growth; product development or manufacturing
difficulties, which could increase our product development costs and
delay sales; our ability to make acquisitions and achieve operating
synergies from acquired businesses; customer credit risk; interest,
foreign currency exchange and income tax rates; economic conditions
within and outside of the aviation, defense, space, medical,
telecommunications and electronics industries, which could negatively
impact our costs and revenues; and defense budget cuts, which could
reduce our defense-related revenue. Parties receiving this material are
encouraged to review all of HEICO's filings with the Securities and
Exchange Commission, including, but not limited to filings on Form 10-K,
Form 10-Q and Form 8-K. We undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except to the extent required
by applicable law.

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