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

KhalifaSat flown to Korea with Emirates SkyCargo

KhalifaSat, the first fully UAE-built Earth observation satellite, has been flown to South Korea prior to its launch in Japan later this year. Steve Nichols reports.

Oman Air receives its third new Boeing 737 Max 8

The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market. Oman Air

Etihad Airways enhances its chauffeur services in the UAE

Etihad Airways has implemented new features enhancing its chauffeur services in the UAE.

Pegasus launches flights to Muscat and Dammam

Pegasus Airlines is adding Oman’s capital Muscat and Saudi Arabia’s business hub Dammam to its flight network, to open up new markets in the Arabian Gulf to business and leisure travellers.

DC Aviation Group continues to grow its Aircraft Management fleet

Stuttgart headquartered DC Aviation Group (DCA), the German joint venture partner of DC Aviation Al-Futtaim (DCAF), continues to grow its aircraft management fleet with the addition of a Dassault Falcon 7X.

Sohar ...so good

The Oman Aviation Academy is expected to start operations soon as it gears up to produce future generations of pilots for the Gulf region. Alan Dron reports.

TAA SK0902311218
See us at
AIME19BTA3005120219ASDubai BT1004091018BIAS BT271017161118Cargo BT1004091018Istanbul Airshow BT22018MEBAA BT1004121218GATM BT1004061118