HEICO Corporation Subsidiary dB Control Adds High-End Frequency Locked Oscillators, Integrated Digital Control Units to Existing Line of TWTAs, MPMs for Defense / Aerospace Applications
Fremont, Calif. – September 10, 2019 – dB Control, an international defense electronics manufacturer and subsidiary of HEICO Corporation (NYSE: HEI.A) (NYSE: HEI), has acquired 100% of the stock of TTT-Cubed, Inc. (TTT). The acquisition of TTT will add high-end frequency locked oscillators, integrated digital control units, RF sources, detectors and controllers to dB Control’s existing line of high-power TWT amplifiers (TWTAs), microwave power modules (MPMs) and high-voltage power supplies (HVPS) for defense and aerospace applications. Specific financial terms and details of the all-cash transaction were not disclosed. TTT will operate as part of dB Control and will relocate to its facility in Fremont, CA.
“We’re thrilled to be part of dB Control and the HEICO family. We’re confident TTT will continue to grow and innovatively serve its customers under the new ownership structure,” said Jeff Tindall TTT Founder, President and Majority Owner.
dB Control is part of HEICO’s Electronic Technologies Group. Most of TTT’s team will remain with the business post-closing.
About dB Control
Established in 1990, dB Control Corp., a subsidiary of HEICO Corp., supplies mission-critical, often sole-source, products worldwide to military organizations, as well as to major defense contractors and commercial manufacturers. The company designs and manufactures reliable high-power TWT Amplifiers (TWTAs), microwave power modules (MPMs), transmitters, and high-voltage power supplies with modulators for radar, electronic countermeasures (ECM), and datalink applications. dB Control also offers specialized contract manufacturing, transformer winding and testing, full vacuum encapsulation, pressure cure, conformal coating and repair depot services from its modern 40,000-square-foot facilities in Fremont, California. More information is available by calling +1 (510) 656-2325 or emailing Steve Walley (firstname.lastname@example.org).
About HEICO Corporation
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, FL-based Flight Support Group and its Miami, FL-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 http://www.heico.com.
Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO’s actual results may differ materially from those expressed in or implied by those forward-looking statements as a result of factors including, but not limited to: lower demand for commercial air travel or airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development costs and delay sales; our ability to make acquisitions and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; economic conditions within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues; and defense budget cuts, which could reduce our defense-related revenue. Parties receiving this material are encouraged to review all of HEICO’s filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.