HOLLYWOOD, Fla. and MIAMI, July 14, 2014 (GLOBE NEWSWIRE) -- Forbes Magazine has named HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) one of the "World's 100 Most Innovative Growth Companies" for 2014, marking nine awards in nine years for the aviation, defense, space and electronics company. HEICO is the only company listed under the Aerospace & Defense category.
"We are honored that HEICO has once again been recognized by Forbes, a true testament to the expertise and innovative spirit of our more than 4,000 team members to whom I extend my deepest gratitude for their remarkable efforts and dedication," said Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer. "While this marks the first time HEICO has been included in the selection of the best-performing companies under $10 billion in market cap, this complements the seven years HEICO has been included in either list of Forbes "200 Best Small Companies" or in Forbes "100 Best Small Companies."
HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops as well as numerous defense and space contractors and military agencies worldwide in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at http://www.heico.com.
The Company has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. The stock symbols for HEICO's two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO's Class A Common Stock stock symbol (HEI.A) to HEI/A or HEIa.
CONTACT: Victor H. Mendelson (305) 374-1745 ext.7590 Carlos L. Macau, Jr. (954) 987-4000 ext. 7570