HOLLYWOOD, Fla. and MIAMI, June 02, 2016 (GLOBE NEWSWIRE) -- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today announced that Forbes has ranked the company as one of the "100 Most Trustworthy Companies in America" for 2016 based on accounting and governance practices.
The recent award marks the 11th time in as many years that Forbes has recognized the rapidly growing aviation, defense, space and electronics company for achievement.
To create this list, Forbes had MSCI ESG Research screen more than 2,500 publicly-traded non-financial American companies with market caps of $250 million or more to identify the 100 that most “consistently demonstrated transparent accounting practices and solid corporate governance.” The full list and criteria details can be viewed at: http://www.forbes.com/sites/kathryndill/2016/04/08/the-100-most-trustworthy-companies-in-america-2/#4722d9fc451f
Laurans A. Mendelson, HEICO’s Chairman and Chief Executive Officer, along with Company Co-Presidents, Eric A. Mendelson and Victor H. Mendelson, commented, "We are honored that HEICO has been recognized again by Forbes. After having been ranked in the past by them as one of the Top 100 Best Small Companies and one of the Top 100 Most Innovative Growth Companies, this award recognizes the values of our nearly 5,000 Team Members. We are proud to lead one of the hardest working and most successful teams in our industry—a team which consistently surpasses our targets and milestones without compromising our transparency, values and trust.”
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) has 1/10 vote per share and the Common Stock (HEI) has 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 symbol (HEI.A) to HEI/A or HEIa.
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to 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.
Victor H. Mendelson (305) 374-1745 ext.7590 Carlos L. Macau, Jr. (954) 987-4000 ext. 7570