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HEICO Makes Another Electronics Acquisition with Moritz Aerospace


HEICO Corporation reported that its Radiant Power Corp. subsidiary acquired the aerospace assets of Moritz Aerospace, Inc. in an all cash transaction. Radiant is part of HEICO’s Electronic Technologies Group. HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were not disclosed. The Moritz Aerospace product line, which was founded in 1994 and is currently located in Hatfield, Penn., designs and manufactures next generation wireless cabin control systems, solid state power distribution and management systems and fuel level sensing systems for business jets and for general aviation, as well as for the military/defense market segments. The Moritz Aerospace product line is currently supported by approximately 20 people. “We are very excited to bring the Moritz


Aerospace technology and customers into our product portfolio. These additions allow Radiant to provide a full suite of power control and cabin electronics solutions to the aerospace market,” says Anish V. Patel, president of Radiant Power Corp. Sarasota, Fla.-based Radiant Power is a designer and maker of backup power and cabin power management products such as power supplies, inverters, power management systems, seat controllers and lighting-related products for aircraft. Radiant says its products are found on all models of Boeing aircraft in production, as well as numerous regional jets and business jets.


Ameco Starts Line


Maintenance or Finnair Beginning on May 10, 2012, Ameco Beijing started line maintenance release for the A330 for Finnair, four times a week. It’s the third international customer for Ameco at the Chongqing outstation. The two companies began their cooperation in 1997. Ameco Beijing has provided the same work for Finnair in Guangzhou and Shanghai since 2005 and 2009. In recent years, Ameco has achieved a rapid development in line maintenance network. Presently Ameco offers line maintenance and letter checks for more than sixty customers in six outstations which include Shanghai, Guangzhou, Chongqing, Tianjin, Qingdao and Chengdu.


Gulfstream Celebrates 3000th FAST Flight


Gulfstream Aerospace recently completed the 3,000th operator-assistance flight by its Field and Airborne Support Teams known as Gulfstream FAST. The mission milestone was achieved 10 years after Gulfstream launched their airborne maintenance and support service in May 2002. Gulfstream FAST uses two dedicated aircraft to deliver flight-essential parts and/or technicians to operators whose aircraft are under warranty in North America, Central America and the Caribbean. “Our aircraft have industry-leading dispatch reliability rates, but there are times when a failure occurs,” says Mark Burns, president, Gulfstream Product Support. “Gulfstream FAST minimizes the time a customer spends waiting for parts, repairs or technicians. It reduces return-to-service times, which means they can get back to using it as a productive business tool. FAST defines our commitment to the best possible customer service.”


Aviation Maintenance | avm-mag.com | June / July 2012 15


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