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July 30, 2020, 11:15 a.m. EDT

HEICO Corporation Congratulates NASA on Mars 2020/Perseverance Launch on Which 3 HEICO Subsidiaries Supplied Critical Hardware

HEICO Corporation /zigman2/quotes/202537894/composite HEI.A +3.26% /zigman2/quotes/207361354/composite HEI +2.65% congratulated NASA and JPL on the successful launch of the Mars 2020/Perseverance mission this morning from Cape Canaveral Air Force Station, Florida aboard a ULA Atlas 541 rocket.

Three different HEICO subsidiaries — Sierra Microwave Technologies, LLC, 3D PLUS and VPT, Inc.— all supplied critical hardware for the mission. Mars 2020/Perseverance is designed to better understand the geology of Mars and seek signs of ancient life by collecting and storing rocks and soil samples for a future return to Earth, while also testing new technology for robotic and human space exploration.

The mission, which is managed by NASA’s Science Mission Directorate and the Jet Propulsion Laboratory division of Caltech, is expected to land the Perseverance rover on Mars on February 18, 2021.

VPT supplied DC-to-DC converters and EMI filters for Perseverance, while 3D PLUS supplied numerous products, including various Memory Modules, Latch-up Current Limiters, multiple Interfaces and its unique CMOS space-qualified camera. Sierra Microwave supplied microwave communications hardware on the spacecraft.

Laurans A. Mendelson, HEICO’s Chairman and Chief Executive Officer, along with Victor H. Mendelson, HEICO’s Co-President and Chief Executive Officer of its Electronic Technologies Group, congratulated NASA, JPL, Sierra Microwave, VPT and 3D PLUS, stating, “We congratulate the many remarkable people who accomplished this first step in this incredible mission. We are proud of the HEICO companies and Team Members who contributed to the effort and are excited for the mission’s next stage.”

HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at http://www.heico.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20200730005718/en/

SOURCE: HEICO Corporation

Victor H. Mendelson (305) 374-1745

COMTEX_368651661/2456/2020-07-30T11:15:17

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/zigman2/quotes/202537894/composite
US : U.S.: NYSE
$ 88.59
+2.80 +3.26%
Volume: 228,789
Sept. 25, 2020 4:00p
P/E Ratio
36.07
Dividend Yield
0.18%
Market Cap
$12.80 billion
Rev. per Employee
$340,640
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/zigman2/quotes/207361354/composite
US : U.S.: NYSE
$ 104.17
+2.69 +2.65%
Volume: 472,405
Sept. 25, 2020 4:00p
P/E Ratio
42.42
Dividend Yield
0.15%
Market Cap
$12.80 billion
Rev. per Employee
$340,640
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