Since 1990, HEICO has acquired more than seventy-five specialized businesses and has grown to over 6,000 team members worldwide. HEICO Corporation is an aerospace and electronics company that focuses on niche markets. Market data powered by HEICO Corporation Reports Second Quarter of Fiscal 2020 Results HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 22% to a record $197.3 million, or $1.44 per diluted share, in the first six months of fiscal 2020, up from $161.1 million, or $1.18 per diluted share, in the first six months of fiscal 2019.

Those businesses could face short-term disruptions due to the pandemic but should be immune to the multiyear slowdown airlines are expecting.Some of those businesses, including defense and medicine, have been exempted from local shelter-in-place orders. Boeing Defense has scored a number of big wins in the past two years, including a $9.2 billion contract Even on the commercial aerospace side of the business, Heico seems a better bet for a quick rebound than Boeing. During the up portion of the cycle, I preferred Stock Advisor launched in February of 2002. "We believe our commercial aviation aftermarket revenues will recover faster than the overall market because aircraft operators will need to avail themselves of our cost-saving solutions and because of our robust product development programs," the company said.Boeing in recent years has tried to build its aftermarket sales -- at times in conflict with its supply chain -- by offering parts that compete against parts made by suppliers.

HEICO's Flight Support Group is the world's largest independent provider of HEICO’s Electronic Technologies Group designs and manufactures niche electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other equipment used worldwide. Its Boeing Global Services unit is among the fastest-growing parts of the overall business but was dwarfed by new-plane sales, and is unlikely to provide nearly the same boost as Heico's aftermarket-focused operations.Let's not kid ourselves: The commercial aerospace downturn is going to be severe, and no one, including Heico, is going to be unaffected. In a difficult year for commercial aerospace stocks, Heico (NYSE: HEI) has been a relative outperformer. HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems.

Low oil prices should only add to the push to use older planes instead of buying new, as fuel efficiency is one of the major selling points of new aircraft.That plays well into Heico's offerings. The company's flight support group, its collection of commercial aerospace assets, grew revenue by 13% in 2019 and generated net income equal to 19.5% of sales. HEICO's products are found in the most demanding applications requiring high-reliability parts and components, such as aircraft, spacecraft, defense equipment, medical equipment and telecommunications systems. And Heico electronic components are used in much-needed medical equipment like ventilators, sterilization equipment, and personal protective gear. Part of what makes Heico such an attractive aerospace stock in this environment is the large portion of its business that is not tied to aerospace.

When air travel demand eventually does return, expect airlines to be conservative in their expansion plans, bringing parts of their existing fleets back into service instead of buying new planes. Acquisitions include: Quell Corporation (December 2019),

Heico stock is the top-ranked stock in IBD's Aerospace/Defense Group.

HEICO’s customers include most of the world's airlines, overhaul shops, satellite manufacturers, commercial and defense equipment producers, medical equipment manufacturers, government agencies, telecommunications equipment suppliers and others.

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