![]() Dukane Seacom is now solely responsible for the activities formerly performed by Honeywell and will conduct its engineering, production and customer support functions from Dukane Seacom's Sarasota, FL facility. Prior to the transaction, Dukane Seacom and Honeywell had been longstanding technology and manufacturing partners for ELT products. The transaction provides Dukane Seacom with all rights to produce, sell and repair both fixed and portable Honeywell ELTs, as well as various support equipment. The devices meet stringent performance and regulatory standards and are mandated for use onboard commercial transport category aircraft, as well as certain military aircraft. ![]() The RESCU 406 ELT family which was subject to the transactions is utilized on nearly all air transport commercial aircraft models, in addition to numerous business, commuter and rotary wing aircraft.ĮLTs provide critical emergency transmission signals in the event of aircraft impact on land or water to enable first responders to locate the aircraft. Honeywell has been the commercial aviation industry's leading ELT supplier, with more than 40 years of experience and over 40,000 units delivered. HEICO stated that it expects the license and asset acquisition to be accretive to its earnings in the year following closing. Transaction terms and financial details were not disclosed. Dukane Seacom is part of HEICO's Electronic Technologies Group. ![]() The transaction was structured as an exclusive perpetual license and asset purchase. ![]() SARASOTA, FL and HOLLYWOOD, FL / ACCESSWIRE / Ap/ HEICO Corporation (NYSE:HEI and HEI.A) today announced that its Dukane Seacom subsidiary entered into an exclusive license and acquired key assets for the Aircraft Emergency Locator Transmitter ("ELT") product line from Honeywell International ("Honeywell"). Asset Purchase and Exclusive License for Dukane Seacom subsidiary cements leadership position ![]()
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