HEICO Corporation (NYSE:HEI) is one of the best defense stocks that will skyrocket. On April 9, HEICO Corporation (NYSE:HEI) confirmed that its Electronic Technologies Group unit has acquired a 90% stake in Southwest Antennas.
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With the acquisition, the company gains access to a company that designs and manufactures rugged antennas for ground-based defense and law enforcement applications. It also designs and manufactures RF and microwave antennas that operate at frequencies up to 8.5 GHz. Southwest Antennas’ products have found widespread use in mission-critical and combat applications.
According to Heico Corp, in a statement, the acquisition marks an important milestone in the continued expansion into the antenna market. The acquisition also comes on the heels of the company’s acquisition of an 80% stake in Sherwood Avionics and Accessories. With the acquisition, the company strengthens its prospects in the maintenance, repair, and overhaul of electro-mechanical components for defense and commercial aviation platforms.
HEICO Corporation (NYSE:HEI) is a leading American aerospace, defense, and electronics company, known as the largest independent manufacturer of FAA-approved jet engine and aircraft component replacement parts.
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