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

Airlines expectations rise for aircraft interiors

When Aircraft Interiors Middle East (AIME) takes place at Dubai World Trade Centre 25-26 February 2019, the region’s leading airlines will be using the event to research available technologies for their growing fleets.

Abu Dhabi Airports signs MoU with Daxing International Airport

Abu Dhabi Airports has signed a Memorandum of Understanding (MoU) with Beijing Daxing International Airport at the BDIA Management Centre in China last week, according to state news agency WAM.

Joramco and Kenya Airways sign maintenance agreement

Joramco and Kenya Airways, the flag carrier airline of Kenya, have signed a heavy maintenance agreement for the first time to perform OOP check for six B787 from the carrier’s fleet in addition to major modification tasks related to

Dubai Airports recognised for innovation and continued commitment to passenger experience

Dubai Airports has been honoured with awards for Tech Innovation of the Year and Airport of the Year at the 2019 Aviation Business Awards.

Turkish Airlines’ load factor 82.9% in September

Turkish Airlines recorded a 82.9% load factor in September.

Qatar Airways wins ‘Best Airline’ Award at U.K. Business Traveller Awards

Qatar Airways has been named ‘Best Airline’ at the prestigious 2019 Business Traveller Awards, held on Monday 7 October at London’s Royal Garden Hotel in front of 250 industry leaders.

WASS SK0210101219
See us at
BIDEC BT0108301019Global Aircraft Maintenance BT0910061119AVMENA20 BT1309100620AVAFA20BT2607050320Dubai AS BT2006211119DIAC19_BT0509161119