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Business/Financial

HEICO To Acquire Small Satellite Component Maker

Defense Daily Staff

Friday, September 13th, 2013

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HEICO To Acquire Small Satellite Component Maker

HEICO Corp. [HEI.A] yesterday said it has agreed to acquire Lucix Corp., a small manufacturer of components used on commercial and military satellites, adding to its existing satellite and space component capabilities. Terms of the deal, which is expected to close within 60 days pending regulatory approvals, were not disclosed. California-based Lucix has 140 employees. Ultra Broadband Amplifiers Photo: Lucix HEICO said it expects the deal to be accretive to earnings within the first year after the acquisition closes. Lucix designs…

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