HEICO Corporation’s turnaround story has created headlines for the past 20 years. The company designs, manufactures, and sells aerospace, defense, and electronics-related products and services in the United States and internationally. It can boast of a decade of industry-leading operational performance and shareholder value creation, propelled by its acquisition and transformation of 88 businesses since 1996. Victor Mendelson, longtime co-president of HEICO, shares his thoughts on what has contributed to the company’s continued success, citing its flexible mindset and management during the turnaround, relentless focus on product and people development, and a culture of ownership that includes employees of acquired businesses. He also discusses HEICO’s navigation of COVID-19’s many challenges and his optimistic outlook for the aviation, aerospace, and defense industry.
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