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HEICO parts sales unit shows strong organic growth

from MRO-Network

Heico Corp.'s flight support group (FSG) posted a 6 percent jump in year-over-year sales to $258 million in the company's fiscal third quarter, riding both strong replacement-part and repair demand and overcoming production-rate slowdowns on a few key platforms that the company has parts on. Factoring out the OEM-related slowdowns and a few defense-industry product shipment delays, FSG boosted year-over-year growth by 11 percent, says Eric Mendelson, FSG's president. more

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