HEICO subsidiary acquires exclusive license and key related assets for Honeywell's Boeing 777 AIMS & 737NG VIA product lines

HEICO Corporation today announced its Sunshine Avionics subsidiary entered into an exclusive license agreement and acquired key assets for the Boeing 777 AIMS (Airplane Information Management System) and Boeing 737NG/P-8/E-7 VIA (Versatile Integrated Avionics) product lines from Honeywell. The transaction was structured as an exclusive perpetual license and asset purchase. Sunshine Avionics is part of HEICO's Flight Support Group. Transaction terms and financial details were not disclosed.

HEICO stated that it expects the license and asset acquisition to be accretive to its earnings in the year following closing.

Honeywell's AIMS, the mission control of the Boeing 777, is an integrated modular avionics system that hosts cockpit integration technology, including primary flight-deck displays and maintenance diagnostics. The VIA is an integrated avionics system of the Boeing 737NG/P-8/E-7 for the flat panel display electronics and software, as well as flight management functions. Since the Boeing 737NG and 777's launch, Honeywell has been the OEM for both the AIMS and VIA. These systems form the hardware foundation of cockpit avionics, ensuring the safety and efficiency of critical functions with redundancy and fault-tolerance.

The transaction provides Sunshine Avionics with all rights to produce, sell, and repair Boeing 777 AIMS and Boeing 737NG/P-8/E-7 VIA hardware systems. Sunshine Avionics is now solely responsible for the hardware-related activities formerly performed by Honeywell and will conduct its engineering, production and customer support functions from Sunshine Avionics' Miramar, FL facilities.

Miramar-based Sunshine Avionics is a leading provider of the highest quality MRO services and manufactured parts for the advanced avionics aftermarket and OEM production support. Sunshine Avionics' significant investments in automatic test equipment (ATE), combined with a talented team of hands-on engineers, has resulted in efficient, high-quality services with significantly reduced turn times. Sunshine Avionics leads the industry by providing the most innovative cost saving solutions available and a commitment to outstanding customer service and reliability.

Sunshine Avionics was founded in 2004 by Leon Gonzalez and Pablo Dominguez. Over 20 years, they developed a proprietary process which yields innovative and novel repair solutions. In 2024, Sunshine Avionics expanded its organization to include a Manufacturing division through an exclusive license and asset purchase agreement for the Boeing 737NG/777 Cockpit Displays and Legacy Displays product line from Honeywell, growing to accommodate more than 110 Team Members across both divisions. As a whole, Sunshine Avionics provides support for over 10,000 Line Replaceable Units (LRUs) annually.

Leon and Pablo jointly commented, "This is a significant advancement for Sunshine Avionics, as we expand our capabilities and technical competency, further strengthening legacy fleet sustainment to better serve our customers. This transaction also recognizes Sunshine Avionics' talented Team Members who share a passion for avionics and customer service excellence."

Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, along with Eric A. Mendelson, HEICO's Co-President and CEO of its Flight Support Group commented, "We are proud to support Leon, Pablo, and the Sunshine Avionics team in yet another successful transaction with Honeywell. This transaction demonstrates HEICO's commitment to acquiring product lines of increasing importance and to insourcing high-skill manufacturing jobs to the United States, and we will work hard to ensure a successful transition occurs for our customers."