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HEICO Aerospace Wins Key R&O Contract With American Airlines on B777 Thrust Reverser Actuation
Source: Business Wire Publication Date: 05/05/04
HEICO Corporation (NYSE:HEI)(NYSE:HEI.A) today announced that its HEICO Aerospace Component Repair Group has been awarded a five-year contract to supply repair and overhaul services for the Thrust Reverser Actuation system on American Airlines fleet of Boeing 777 aircraft.
HEICO Aerospace's Parts Group is the world's largest independent designer, manufacturer, and distributor of FAA Approved Replacement Parts for jet engines and aircraft components with 16 of the world's 20 largest airlines flying HEICO parts. HEICO Aerospace's Component Repair Group is a world-class provider of accessory repair and overhaul services to the airline industry and counts many major airlines as its customers. American Airlines' parent, AMR Corporation, through another subsidiary, and HEICO Aerospace already maintain a joint venture that develops FAA Approved Replacement Parts.
Luis Morell, HEICO Aerospace Component Repair Group's President commented "HEICO is proud of American Airlines' contract award for B777 Thrust Reverser Actuation repair and overhaul. Our engineering groups are working closely in developing cost effective repairs and solutions that will benefit both companies. HEICO is expanding our capabilities in new generation aircraft component repair with our focus on providing operational savings and superior service."
HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to telecommunications, electronics and medical equipment manufacturers. For more information about HEICO, please visit our web site at http://www.heico.com
Source: Business Wire Publication Date: 05/05/04
HEICO Corporation (NYSE:HEI)(NYSE:HEI.A) today announced that its HEICO Aerospace Component Repair Group has been awarded a five-year contract to supply repair and overhaul services for the Thrust Reverser Actuation system on American Airlines fleet of Boeing 777 aircraft.
HEICO Aerospace's Parts Group is the world's largest independent designer, manufacturer, and distributor of FAA Approved Replacement Parts for jet engines and aircraft components with 16 of the world's 20 largest airlines flying HEICO parts. HEICO Aerospace's Component Repair Group is a world-class provider of accessory repair and overhaul services to the airline industry and counts many major airlines as its customers. American Airlines' parent, AMR Corporation, through another subsidiary, and HEICO Aerospace already maintain a joint venture that develops FAA Approved Replacement Parts.
Luis Morell, HEICO Aerospace Component Repair Group's President commented "HEICO is proud of American Airlines' contract award for B777 Thrust Reverser Actuation repair and overhaul. Our engineering groups are working closely in developing cost effective repairs and solutions that will benefit both companies. HEICO is expanding our capabilities in new generation aircraft component repair with our focus on providing operational savings and superior service."
HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to telecommunications, electronics and medical equipment manufacturers. For more information about HEICO, please visit our web site at http://www.heico.com