HEICO Corporation Makes Important Strategic Acquisition of Seal Dynamics

HEICO stated that it expects the transaction to be accretive toits earnings during the first year of its ownership. Additionalfinancial details were not disclosed.

SDI, based in Deer Park, NY, is a leading distributor and designerof FAA-Approved hydraulic, pneumatic, mechanical, andelectro-mechanical components for the commercial, regional, andgeneral aviation markets. Founded in 1976, SDI operates engineering,warehousing, sales, and administrative facilities in Tampa, FL andDeer Park, NY (approximately 25 miles east of New York City), andadditional sales offices in London, UK and Singapore. David Susser,SDI's President and Chief Executive Officer, and SDI's other seniormanagers will continue in their current positions. HEICO stated thatit does not expect employee turnover at SDI as a result of thetransaction.

HEICO Aerospace Holdings Corp., which is owned 20% by LufthansaTechnik AG, is the world's largest independent designer, manufacturer,and distributor of FAA-Approved jet engine and aircraft componentreplacement parts, and is a leader in the overhaul and repair marketsfor jet engine and aircraft components. The acquisition of SDI allowsHEICO to broaden its product portfolio of aircraft parts, as well asother industrial products.

Laurans A. Mendelson, HEICO Corporation's Chairman, President, andChief Executive Officer, commented "SDI's management team, led byDavid Susser, is a very talented group of engineering and businesspeople and we are excited to join together and offer even morevaluable products and services to our commercial, regional, andgeneral aviation customers."

Eric A. Mendelson, HEICO Aerospace's President and Chief ExecutiveOfficer, remarked, "SDI is the perfect addition to HEICO. SDIdistributes an extensive portfolio of FAA-Approved parts produced byleading aerospace manufacturers, and develops their own FAA-Approvedparts. Not only are SDI's quality products highly regarded andpurchased by most of the world's airlines, but there are excellentsynergies between SDI and HEICO's existing parts and repairbusinesses."

Mr. Susser commented, "HEICO is the perfect partner for SDI. Itsimpeccable reputation, record of innovation, financial strength, andexisting presence in the industry will help SDI continue to grow andimprove our already successful business."

HEICO Corporation is engaged primarily in certain niche segmentsof the aviation, defense, space and electronics industries through itsHollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and itsMiami, FL-based HEICO Electronic Technologies Corp. subsidiary.HEICO's customers include a majority of the world's airlines andairmotives as well as numerous defense and space contractors andmilitary agencies worldwide in addition to telecommunications,electronics and medical equipment manufacturers. For more informationabout HEICO, please visit our web site at http://www.heico.com.

Certain statements in this press release constituteforward-looking statements, which are subject to risks, uncertaintiesand assumptions. HEICO's actual results could differ materially fromthose expressed in or implied by those forward-looking statements as aresult of factors, including, but not limited to: lower demand forcommercial air travel or airline fleet changes, which could causelower demand for our goods and services; product specification costsand requirements, which could cause an increase to our costs tocomplete contracts; governmental and regulatory demands, exportpolicies and restrictions, reductions in defense or space spending byU.S. and/or foreign customers, or competition from existing and newcompetitors, which could reduce our sales; HEICO's ability tointroduce new products and product pricing levels, which could reduceour sales or sales growth; HEICO's ability to make acquisitions andachieve operating synergies from acquired businesses, customer creditrisk, interest rates and economic conditions within and outside of theaerospace, defense, space and electronics industries, which couldnegatively impact our costs and revenues. Parties receiving thismaterial are encouraged to review all of HEICO's filings with theSecurities and Exchange Commission, including, but not limited tofilings on Form 10-K, Form 10-Q and Form 8-K. We undertake noobligation to publicly update or revise any forward-looking statement,whether as a result of new information, future events or otherwise.