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How Parts Specialist Heico Grew into a Multibillion-Dollar Corporation From Its Fort Lauderdale Base
 
Published Thursday, September 28, 2017

Aerospace manufacturers derive a good chunk of their profits from selling spare parts, the price of which – much to airlines’ annoyance – tends to rise each year. This has led to more demand for unbranded parts, known as PMA, which offer equivalent reliability and performance to original equipment, but at a lower cost.

Hollywood, Florida-based HEICO is the leading manufacturer of PMA parts, having grown from $25 million in sales in 1990 to roughly $1.5 billion this year. That growth has seen it quadruple its staff in South Florida since 1990, adding engineering, project management and administrative talent to what was once a manufacturing-focused workforce.

Click here to view this case study to learn how it’s location in Greater Fort Lauderdale has facilitated Heico’s growth.

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Sponsored by Greater Fort Lauderdale Alliance | AviationWeek.com

 


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