HEICO Corporation has released that its Electronic Technologies Group has acquired all of the stock of Sensor Systems, Inc. (Sensor) for a combination of cash and approximately 575,000 HEICO Class A Common Shares. Further financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the acquisition.
Chatsworth, CA-based Sensor is one of the world’s leading designers and manufacturers of airborne antennae for commercial and military applications. Recognised as an international standard for many of its antennae, Sensor’s products include, among others, Aircraft Direction Finding (DF), Altimeter, Glideslope, Global Positioning System (GPS), L-Band, Marker Beacon, satellite communications, Total Collision Avoidance System (TCAS), Very High-Frequency (VHF) and Very High-Frequency Omni-directional Range (VOR) antennae.
Sensor’s antennae are found on nearly all large commercial transport aircraft built in the last 50 years, along with numerous business and military aircraft.Email Post to a Friend