The Honeywell International exclusive license and asset acquisition empower Sunshine Avionics to produce, sell, and repair Boeing 737NG/777 Cockpit Displays, along with Legacy Displays for Boeing 717, ATR, and select business and general aviation aircraft.
In a strategic move, HEICO Corporation has announced that its subsidiary, Sunshine Avionics, has entered into an exclusive license and acquired key assets from Honeywell International. The agreement provides Sunshine Avionics with the capability to support Boeing 737NG/777 Cockpit Displays and Legacy Displays product lines. The transaction is structured as an exclusive perpetual license and asset purchase, with terms and financial details undisclosed.
Sunshine Avionics, part of HEICO’s Flight Support Group, expects this exclusive license and asset acquisition to be accretive to its earnings in the year following closing. The move positions Sunshine Avionics to play a vital role in maintaining and servicing cockpit displays for Boeing’s critical aircraft models.
Honeywell has been a leading provider of cockpit display technology for the commercial aviation industry. The latest Display Unit (“DU”) Phase 3 upgrade for the Boeing 737NG/777 incorporates advanced glass and LED backlight technology. This upgrade ensures a clear representation of critical airplane systems, enhancing safety and navigation for pilots. The DU Phase 3 addresses obsolescence concerns, provides weight savings, higher reliability, and lowers operating costs compared to older discontinued Phase 1 or 2 displays.
Leon Gonzalez and Pablo Dominguez, Founders, Sunshine Avionics said, “This is a significant advancement for Sunshine Avionics, as we grow our capabilities and strengthen our position to better service our customers. This exclusive transaction also recognizes Sunshine Avionics’ talented team members who share a passion for avionics and customer service excellence.”
The exclusive license and asset acquisition empower Sunshine Avionics to produce, sell, and repair Boeing 737NG/777 Cockpit Displays, along with Legacy Displays for Boeing 717, ATR, and select business and general aviation aircraft. This strategic move positions Sunshine Avionics to provide comprehensive support for these critical avionic components.
Following a transition period, Sunshine Avionics, based in Miramar, FL, will take over activities that were formerly performed by Honeywell. The company, specializing in MRO (Maintenance, Repair, and Overhaul) services for advanced avionic component repairs, has made significant investments in automatic test equipment (ATE) and boasts a skilled team of hands-on engineers. This ensures efficient, high-quality repairs with reduced turn times, making Sunshine Avionics a leader in the industry.
Founded in 2004 by Leon Gonzalez and Pablo Dominguez, Sunshine Avionics has grown steadily over nearly two decades. The company has developed a proprietary process that yields innovative and novel repair solutions for avionic components. With over 80 team members, Sunshine Avionics supports over 10,000 Line Replaceable Unit (LRU) repairs annually.
Laurans A. Mendelson, ‘s Chairman and Chief Executive Officer, HEICO along with Eric A. Mendelson, Co-President and CEO of Flight Support Group, HEICO said, “We are proud to support Leon, Pablo, and the Sunshine Avionics team in their acquisition of the exclusive, perpetual license for this phenomenal product line. This transaction is a win-win for HEICO, Honeywell, and our customers, and we look forward to growing our strong relationship with Honeywell even further. Additionally, we are proud to insource high-skill manufacturing jobs to the United States, and in particular, to South Florida.”
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The leadership team at HEICO looks forward to growing its strong relationship with Honeywell and sees this transaction as a positive step in insourcing high-skill manufacturing jobs to the United States, particularly to South Florida. In summary, the exclusive license and asset acquisition by Sunshine Avionics position HEICO Corporation as a key player in the maintenance and support of critical cockpit displays for Boeing aircraft. This strategic move aligns with the company’s commitment to excellence, innovation, and customer service in the aviation industry.
Question – What is the significance of the exclusive license and asset acquisition by Sunshine Avionics?
Answer – The exclusive license and asset acquisition by Sunshine Avionics empower the company to produce, sell, and repair Boeing 737NG/777 Cockpit Displays, as well as Legacy Displays for Boeing 717, ATR, and select business and general aviation aircraft. This strategic move positions Sunshine Avionics to provide comprehensive support for these critical avionic components.
Question – How does the exclusive license and asset acquisition benefit Sunshine Avionics and its customers?
Answer – The acquisition positions Sunshine Avionics to play a vital role in maintaining and servicing cockpit displays for Boeing’s critical aircraft models. This ensures that customers receive efficient, high-quality repairs with reduced turn times, making Sunshine Avionics a leader in the industry.
Question – What impact does this strategic move have on HEICO Corporation and its relationship with Honeywell?
Answer – The exclusive license and asset acquisition by Sunshine Avionics position HEICO Corporation as a key player in the maintenance and support of critical cockpit displays for Boeing aircraft. This strategic move aligns with the company’s commitment to excellence, innovation, and customer service in the aviation industry. Additionally, it represents a positive step in insourcing high-skill manufacturing jobs to the United States, particularly to South Florida, and strengthens the relationship with Honeywell.
Note– MRO Business Today is the Principal Media Partner of the 5th MRO SOUTH ASIA SUMMIT 2024 co-located with the MRO XPO INDIA & AIRCRAFT INTERIORS INDIA 2024 to be held on 27,28 & 29 February 2024 at the Le Méridien New Delhi, India.
