EXHIBIT 99.2
FOR IMMEDIATE RELEASE
September 18, 2000
Thomas S. Irwin (954) 987-4000 ext. 7560
Victor H. Mendelson (305) 374-1745 ext. 7590
HEICO CORPORATION COMPLETES SALE OF TRILECTRON SUBSIDIARY
Miami, FL, and Palmetto, FL --HEICO Corporation (NYSE: HEI and HEI.A) today
announced that it has completed the previously announced sale of its Palmetto,
FL-based Trilectron Industries, Inc. subsidiary to Hobart Brothers Company, a
subsidiary of Illinois Tool Works Inc.
In connection with the transaction, HEICO has renamed its Electronics & Ground
Support Group to be the Electronic Technologies Group. In addition, the
Electronic Technologies Group reported that it is moving forward with its
previously announced plans to relocate its Radiant Power Corp. subsidiary out of
Trilectron's principal facility in Palmetto, Florida.
HEICO Corporation is engaged in certain niche segments of the aerospace,
aviation and defense industries through its Hollywood, FL-based HEICO Aerospace
Holdings Corp. subsidiary and its Miami, FL-based HEICO Aviation Products Corp.
subsidiary. HEICO's customers include a majority of the world's airlines and
airmotives as well as numerous defense contractors and military agencies
worldwide, including the United States Air Force and Navy. HEICO has developed
and successfully employs programs which emphasize principles to enhance its
manufacturing operations and has followed highly focused marketing and product
development programs to greatly expand product offerings and marketing reach
following acquisitions. For more information concerning HEICO, please see our
World Wide Web site at: http://www.heico.com/
