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HEICO Corporation Acquires Key Supplier of Armored Vehicle Track Systems

  • HEICO Corporation's Flight Support Group acquired Cook Defence Systems to form HEICO-Cook Defence (HCD), with HEICO owning 80% and William Cook Holdings retaining 20%.
  • Managing Director William Cook & the existing management team will continue to lead HCD operations following the transaction.
  • Cook Defence Systems specializes in designing & manufacturing track systems, sprockets, running gear, & associated components for armored fighting vehicles.
  • The company serves national defense ministries & global original equipment manufacturers, supporting both new vehicle production & long-term aftermarket demand for NATO & allied nations.
  • Established in 1994, Cook Defence operates from Stanhope, UK, with approximately 130 employees & derives most revenue from outside the United States.
  • HEICO executives expect the acquisition to be accretive to earnings within one year of closing.
  • HEICO Corporation operates through its Flight Support Group & Electronic Technologies Group, serving aviation, defense, space, medical, telecommunications, & electronics industries.
  • Forward-looking statements regarding future performance & synergies are subject to risks including geopolitical events, defense spending fluctuations, & regulatory approvals.