Heico Corp (NYSE: HEI) has acquired 100% of the stock of Charter Engineering, Inc. for cash. Financial details were not disclosed. HEICO expects the acquisition to be accretive to its earnings within the year following the acquisition. Pinellas Park, FL-based Charter designs and manufactures a complete line of RF and Microwave coaxial switches for the aerospace, defense, commercial, Automated Test Equipment (ATE), and instrumentation markets. Charter will operate as part of HEICO Electronic Tech
HEICO Corporation (NYSE:HEI.A and HEI) today announced that its dB Control subsidiary acquired 100% of the stock of Charter Engineering, Inc. ("Charter") for cash at closing. Further financial details were not disclosed.
The Dow Jones Industrial Average rose Monday, as the Senate passed a bill to spend billions of dollars on climate and healthcare programs.