Subscribe Free
in Space

Heico acquires composites manufacturer

Posted 20 June 2017 · Add Comment

Heico has announced that its Flight Support Group has acquired 100% of Carbon by Design, a rapidly growing manufacturer of composite components for UAVs, rockets, spacecraft and other specialised applications. The purchase price and financial details were not disclosed.

Heico stated that it expects the acquisition to be accretive to its earnings within the first year following the acquisition.

Carbon by Design is led by Dominick Consalvi, who co-founded the company in 2003. The company engineers and manufactures hard-to-design and produce complex carbon composites for commercial launch vehicles and spacecraft, as well as multiple UAV manufacturers.

Consalvi will continue to head Carbon by Design, which will join Heico’s Specialty Products Group, a leader in composites for commercial aviation and defense applications. Carbon by Design’s 75 team members and the entire management team is expected to remain with the company in their existing roles.

Heico stated that it does not expect any employee turnover to result from the acquisition.

Laurans A. Mendelson, Heico’s Chairman and chief executive officer, and Eric A. Mendelson, Heico’s Co-President, jointly said: “Carbon by Design continues our expansion in proprietary composites solutions for extremely demanding technical requirements. Dominick has differentiated Carbon by Design with creative and cutting-edge high-tech processes, and broadens our offering to the commercial aviation market, and the growing space launch, satellite and UAV markets. We welcome the entire Carbon by Design team.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Bahrain all set to unblock the Combi

Visitors to next year's Bahrain International Airshow could well get their first view of the new PEMCO B737-700FC FlexCombi. Barbara Saunders reports.

Turkish Airlines to order 20 + 20 787-9 Dreamliners

During Turkish President Recep Tayyip Erdoğan's visit to New York to join the United Nations General Assembly, Boeing and Turkish Airlines announced a commitment to order 40 787-9 Dreamliners.

Abu Dhabi Airports achieves 65% increase in operating profit this year

Abu Dhabi Airports has announced that it has achieved 65% increase in earnings before interest, depreciation and amortization (EBIDA)/ operating profit during the January-August period this year compared to the same period in 2016.

University of South Wales to deliver engineering degree courses in UAE

The University of South Wales (USW) is to deliver degrees to aerospace engineering students as a key partner at the UAE's new Dubai South development.

Saudia and SITAONAIR deliver unique inflight Wi-Fi Pax Ex with Internet ONAIR

Saudia and SITAONAIR are activating fresh functionalities for personalising the onboard digital journey.



Inmarsat to demonstrate advanced SwiftBroadband-Safety capabilities in flight trial

Inmarsat will demonstrate its advanced new SwiftBroadband-Safety (SB-S) solution in a flight trial with FLYHT.

Kuwait Aviation SK1909310118
See us at
Aviation Africa BT18418Global Aerospace BT28218DASAS BT3006161117DAS BT1105161117Aviation Show 267291117AIME BT1204240118AIMA Africa 2017Commercial Aircraft Financing BT2017DIAC BT1105121117