Since 1990, HEICO has acquired more than seventy-five specialized businesses and has grown to over 6,000 team members worldwide. HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. Part of what makes Heico such an attractive aerospace stock in this environment is the large portion of its business that is not tied to aerospace. HEICO’s products are found in aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. HEICO's Flight Support Group is the world's largest independent provider of HEICO’s Electronic Technologies Group designs and manufactures niche electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other equipment used worldwide. Find the latest Heico Corporation (HEI) stock quote, history, news and other vital information to help you with your stock trading and investing. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.It has been a difficult start of the year for commercial aerospace, as the COVID-19 pandemic has sunk global travel demand and sent Aerospace shares have underperformed the broader market and seem likely to remain under pressure well after the pandemic is contained and the broader markets have a chance to stabilize.The fallen stock prices also have bargain hunters on the lookout, with aerospace giant Part of what makes Heico such an attractive aerospace stock in this environment is the large portion of its business that is not tied to aerospace. The company's flight support group, its collection of commercial aerospace assets, grew revenue by 13% in 2019 and generated net income equal to 19.5% of sales. "We believe our commercial aviation aftermarket revenues will recover faster than the overall market because aircraft operators will need to avail themselves of our cost-saving solutions and because of our robust product development programs," the company said.Boeing in recent years has tried to build its aftermarket sales -- at times in conflict with its supply chain -- by offering parts that compete against parts made by suppliers. HEICO's products can be found on large When it began in 1957, HEICO focused on manufacturing laboratory equipment and after an acquisition in 1974, HEICO focused on replacement parts for commercial aviation as well as providing maintenance and repair services. HEICO's products are found in the most demanding applications requiring high-reliability parts and components, such as aircraft, spacecraft, defense equipment, medical equipment and telecommunications systems. HEICO Corporation Reports Second Quarter of Fiscal 2020 Results HEICO CORPORATION (NYSE: HEI.A) (NYSE: HEI) today reported that net income increased 22% to a record $197.3 million, or $1.44 per diluted share, in the first six months of fiscal 2020, up from $161.1 million, or $1.18 per diluted share, in the first six months of fiscal 2019. In 2019, aftermarket, or spare part, sales accounted for 54% of total flight support revenue, and repair and overhaul accounted for another 24%.Heico in a mid-April update argued that its aerospace business will hold up better than others because many of the products it offers help reduce the operating costs of older aircraft. That added demand might not be enough to move the needle on 2020 sales in a material way, but it could help offset any near-term pandemic-related shutdowns.The noncommercial aerospace businesses were also growing faster, and posting better margins, prior to the pandemic. The top-performing companies will eventually pay off for patient investors, even if it does take time for a recovery to take hold.In Boeing, you have a company that had But I remain bullish on aerospace for the long term and expect aftermarket-focused companies to see a recovery ahead of new-equipment manufacturers. The electronics segment, meanwhile, grew revenue 19% last year and reported net income equal to 29.4% of total sales.Boeing too has a defense business that will likely account for about one-third of total revenue this year, but the unit has long played second fiddle to the company's commercial operations. Heico stock is the top-ranked stock in IBD's Aerospace/Defense Group. Market data powered by Those businesses could face short-term disruptions due to the pandemic but should be immune to the multiyear slowdown airlines are expecting.Some of those businesses, including defense and medicine, have been exempted from local shelter-in-place orders.