HEICO Corporation (HEI-A) Acquires Gables Engineering

HEICO Corporation (NYSE:HEI-A) is one of the Best All-Time High Stocks to Buy According to AnalystsOn July 24, HEICO Corporation (NYSE:HEI-A) announced the acquisition of Gables Engineering, which is a company specializing in advanced avionics controls like navigation, audio, and communication panels for aircraft.

The transaction was completed for cash; however, further details of the transaction were not disclosed by the company. Gables Engineering has over 200 employees and is recognized for its innovations in aviation, including the touchscreen cockpit displays for the Boeing 737 MAX. HEICO Corporation (NYSE:HEI-A) expects this move to boost its earnings within a year.

HEICO Corporation (HEI-A) Acquires Gables Engineering

A fighter jet in formation, revealing the prowess of the companies defense arm.

HEICO Corporation (NYSE:HEI-A) is an aerospace and defense company that operates through Flight Support Group and Electronic Technologies Group.

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Disclosure: None. This article is originally published at Insider Monkey.