Business
HEICO Corporation Acquires Key Supplier of Armored Vehicle Track Systems
MIAMI, FL AND STANHOPE, UK / ACCESS Newswire / June 3, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Flight Support Group has acquired Cook Defence Systems and related entities ("Cook Defence" or the "Company") to form HEICO-Cook ...
About this update from Heico Corporation
MIAMI, FL AND STANHOPE, UK / ACCESS Newswire / June 3, 2026 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced that its Flight Support Group has acquired Cook Defence Systems and related entities ("Cook Defence" or the "Company") to form HEICO-Cook Defence ("HCD"). HEICO owns 80% of HCD, with the selling entity, William Cook Holdings, retaining 20% ownership. Managing Director William Cook will continue to lead the Company's operations along with the existing management team. Transaction terms and financial details were not disclosed. HEICO stated that it expects the acquisitions to be accretive to its earnings within the year following closing. Cook Defence Systems is an independent designer and manufacturer of track systems for armored fighting vehicles. The Company is a long-standing supplier to national ministries of defense and a key partner to leading global defense original equipment manufacturers, supporting both new vehicle production and long-term aftermarket replacement demand. Its products are deployed across a large fleet of in-service vehicles and have been selected for many next-generation platforms currently in development or production. As a result, Cook Defence Systems remains indispensable to credible deterrence and warfighting capabilities for NATO and allied nations. The Company is an acknowledged specialist in the design, testing, manufacture, and supply of mission-critical systems comprising tracks, sprockets, running gear and associated components. Created in its current form in 1994 by Sir Andrew Cook CBE and operating from a purpose-built facility in Stanhope, UK with a workforce of approximately 130 Team Members, Cook Defence Systems has developed proprietary engineering and manufacturing capabilities that position it as a critical link in the global defense supply chain. Notably, most of Cook Defence Systems' revenue is derived outside the United States and allows HEICO added international growth opportunities. Eric A. Mendelson and Victor H. Mendelson, HEICO's Co-Chairmen and Co-Chief Executive Officers, jointly commented: "Cook Defence represents a distinctive addition to HEICO, with many of the attractive attributes we look for in our businesses. The Company has established strong relationships across leading defense OEMs and government customers across multiple critical...