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HEICO Acquires 80% Stake in Sherwood Avionics to Expand Defense MRO

HEICO Corporation acquires 80% of Sherwood Avionics, enhancing its defense maintenance, repair, and overhaul capabilities across key aviation platforms.

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This article is based on an official press release from HEICO Corporation.

HEICO Corporation Acquires 80% Stake in Sherwood Avionics and Accessories

HEICO Corporation has announced the acquisition of an 80% stake in Sherwood Avionics and Accessories, a Florida-based defense and commercial aviation maintenance, repair, and overhaul (MRO) provider. The strategic move aims to bolster HEICO’s capabilities in the defense sector.

According to the official press release, the transaction was executed through HEICO’s Flight Support Group. The remaining ownership balance will continue to be held by members of Sherwood’s management team. While specific financial terms and transaction details were not disclosed, HEICO noted that the acquisitions is expected to be accretive to its earnings in the year following the closing.

HEICO Corporation is primarily engaged in the design, production, servicing, and distribution of products across niche segments of the aviation, defense, space, and electronics industries. This acquisition further expands its extensive portfolio of MRO services.

Expanding Defense MRO Capabilities

Sherwood’s Operational Footprint

Founded in 1992 and headquartered near Miami’s Opa-locka Airport in Florida, Sherwood operates as an FAA and EASA Part 145 repair station. The company specializes in the maintenance, repair, and overhaul of complex, mission-critical mechanical and electro-mechanical components for defense and select commercial aviation platforms.

The press release details that Sherwood’s technical capabilities cover auxiliary power units (APUs), landing gear systems, wheels and brakes, pneumatics, hydraulics, fuel and lighting systems, and avionics components. In addition to its MRO services, Sherwood provides OEM-authorized distribution, engineering services, and manufacturing capabilities.

The company supports a wide variety of fixed-wing and rotary-wing aircraft. Notable defense platforms serviced by Sherwood include the C-130, CH-47, F-15, F-16, and UH-60. Sherwood currently employs approximately 150 team members across two adjacent facilities totaling roughly 70,000 square feet.

Leadership and Strategic Fit

Following the acquisition, Bryan Farrell, a member of Sherwood’s leadership team, will continue to oversee the company’s operations from its current facilities. HEICO Co-Chairmen and Co-Chief Executive Officers Eric A. Mendelson and Victor H. Mendelson praised the acquisition in a joint statement.

“The HEICO Team has admired Sherwood for decades and this represents a highly strategic addition to HEICO’s Flight Support Group,” the executives stated in the company press release.

The Farrell family also expressed optimism about the partnership in the release, noting that HEICO represents a proven long-term partner that respects their culture, values their team, and shares a commitment to technical excellence.

Strategic Market Positioning

AirPro News analysis

We view this acquisition as a calculated strategic move by HEICO to deepen its footprint in the defense MRO sector. By securing a majority stake in an established provider with strong original equipment manufacturer (OEM) relationships and government alignment, HEICO is well-positioned to capitalize on ongoing defense sustainment needs.

The retention of Sherwood’s management team for the remaining equity stake aligns with HEICO’s historically decentralized operating model. This approach often relies on the expertise of incumbent leadership to maintain operational continuity, preserve company culture, and sustain long-standing customer relationships in highly specialized niche markets.

Frequently Asked Questions

What percentage of Sherwood did HEICO acquire?

HEICO acquired 80% of the stock of Sherwood Avionics and Accessories, with the remaining balance held by members of Sherwood’s management team.

Where is Sherwood located?

Sherwood is headquartered near Miami’s Opa-locka Airport in Florida, operating from two adjacent facilities totaling approximately 70,000 square feet.

What aircraft platforms does Sherwood support?

According to the press release, Sherwood supports various fixed-wing and rotary-wing defense platforms, including the C-130, CH-47, F-15, F-16, and UH-60.

Sources

Photo Credit: HEICO

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MRO & Manufacturing

AAE Opens 1900sqm MRO Facility at Albury Airport Australia

Australian Aerospace Engineering opens a new MRO facility in Albury, NSW, supporting UH-60M Black Hawk sustainment for the Australian Army.

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Australian Aerospace Engineering (AAE) officially opened a new 1,900-square-meter Maintenance, Repair, and Overhaul (MRO) facility adjacent to Albury Airport (ABX) in New South Wales on August 25, 2026. The purpose-built site consolidates the company’s aerospace maintenance and manufacturing capabilities to support domestic aviation and defense operations.

In a press release issued on August 25, AAE detailed that the new infrastructure expands its capacity to perform complex aerospace work domestically. The opening coincides with an expanded Partnerships announcement from Lockheed Martin Australia, integrating the Albury facility into the sustainment network for the Australian Army’s UH-60M Black Hawk Helicopters fleet.

Facility capabilities and defense integration

The new site brings together multiple specialized services under one roof. These include aircraft maintenance, component overhaul, non-destructive testing (NDT), machining, manufacturing, spare-parts storage, and specialist surface treatment. The facility features a semi-downdraft heated spray booth and an adjoining helipad designed specifically to support maintenance operations for medium to large helicopter platforms.

The infrastructure investment directly supports AAE’s growing role in the Australian defense supply chain. On the same day as the facility opening, Lockheed Martin Australia confirmed the site will support the sustainment of the Australian Army’s UH-60M Black Hawk fleet. AAE also lists Sikorsky Australia, Pilatus Australia, and BAE Systems among its defense and aerospace partners.

Regional economic impact and company growth

The Albury facility marks a significant expansion for AAE, which has operated for more than 20 years. The company has grown its workforce from an initial three-person family business to a current team of 14 employees.

Justin Clancy MP, Member for Albury, officiated the opening ceremony. He noted that the facility provides a foundation for ongoing growth, including the addition of new engineering and technical roles in the coming years.

“The opening of AAE’s new facility is a fantastic outcome for Albury, creating opportunities for highly skilled local jobs and demonstrating what regional Australian businesses can achieve in advanced aerospace and Defence Industries,” Clancy said.

AAE Chief Executive Officer Adam Johnston stated that the new site gives the company the space and resources required to take on more complex work. Prior to the formal opening, the Governor of New South Wales, Margaret Beazley, conducted an official tour of the newly constructed facility on February 18, 2026.

AirPro News analysis

We view the expansion of regional MRO capabilities in Australia as a critical step in building sovereign defense industrial capacity. By locating specialized services like NDT and component overhaul outside major metropolitan hubs, companies like AAE reduce supply chain bottlenecks for critical platforms like the UH-60M Black Hawk. The integration of a dedicated helipad and specialized spray booth indicates a clear strategic focus on rotary-wing sustainment, positioning the Albury site as a specialized node in the broader Lockheed Martin and Sikorsky Australia support network.

Sources: Australian Aerospace Engineering

Photo Credit: Australian Aerospace Engineering

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MRO & Manufacturing

Lion Group Opens Batam Aero Engine MRO Facility in Indonesia

Lion Group launched Batam Aero Engine on Aug 19, 2026, offering engine and APU MRO services to serve Southeast Asian operators.

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Lion Group has officially commenced operations at its new Batam Aero Engine maintenance, repair, and overhaul (MRO) facility in Indonesia, aiming to capture a larger share of the Asian engine maintenance market and reduce domestic reliance on foreign service providers.

The facility, which opened on August 19, 2026, provides both on-wing and off-wing maintenance for jet engines, turboprop engines, and Auxiliary Power Units (APUs). The Launch was detailed in a press release issued by Lion Group on August 21, 2026, highlighting the company’s push to localize critical aviation supply chains.

Technical capabilities and infrastructure

Batam Aero Engine enters the market with specialized diagnostic and repair capabilities designed to service a variety of powerplants. According to the Lion Group press release, the facility is equipped to perform complex procedures including Low Pressure Turbine (LPT) module replacements.

The maintenance center also features advanced borescope inspection equipment. Certified personnel will utilize IPLEX NX, IPLEX GX/GT, and Mentor Flex systems to conduct internal engine diagnostics. These capabilities allow technicians to assess engine health and identify potential defects without requiring full engine teardowns, thereby reducing maintenance turnaround times for operators.

Strategic expansion in the Asian MRO market

The inauguration event in Batam drew key figures from both the company and Indonesian regulatory bodies, including Lion Group Founder Rusdi Kirana and Batam Mayor Dr. Amsakar Achmad. The strategic placement of the facility in Batam leverages existing industrial infrastructure and proximity to regional trade routes to attract maintenance contracts from across Southeast Asia-Pacific.

Lion Group President Director Captain Daniel Putut Kuncoro Adi emphasized the dual focus of the new enterprise.

“We hope this facility can serve domestic needs as well as friendly countries and further strengthen Indonesia’s aviation industry,” Adi stated, according to reporting by Aviation Business News.

Indonesian regulators also view the facility as a step toward greater self-sufficiency in the aviation sector. Sokhib Al Rokhman, Director of Airworthiness and Aircraft Operations at Indonesia’s Directorate General of Civil Aviation (DGCA), highlighted the broader national strategy during the launch.

“We want to strengthen aviation independence by making Batam Aero Engine an MRO hub that is efficient, responsive, and competitive in the Asian market,” Rokhman said, as reported by ePlaneAI.

AirPro News analysis

The establishment of Batam Aero Engine represents a calculated vertical integration Strategy by Lion Group. By bringing engine and APU maintenance in-house, the operator can better control maintenance costs and mitigate Supply-Chain bottlenecks that have constrained the global MRO sector in recent years. Furthermore, positioning the facility in Batam allows Indonesia to compete directly with established MRO hubs in neighboring Singapore and Malaysia. If the facility can secure third-party contracts as intended, it will mark a significant maturation of Indonesia’s domestic aviation technical capabilities and workforce.

Sources: Lion Air Public Relations

Photo Credit: Batam Aero Engine

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MRO & Manufacturing

2026 GA Parts Survey: Supply Chain Pressures on Aging Fleet

TBX survey finds 66% of GA maintenance pros expect parts availability to worsen as the piston fleet averages 53 years old.

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General aviation maintenance professionals are spending more time hunting for parts and technical data than managing costs, as supply chain friction threatens the operational viability of an aging piston aircraft fleet.

In a press release issued on August 23, 2026, TBX, operating as Airworthy.com, published the findings of its 2026 General Aviation Parts Survey. The accompanying summary report, titled “The Great Parts Squeeze,” details the mounting pressures on maintenance shops tasked with servicing a certified general aviation (GA) piston fleet that now averages 53 years of age.

Supply chain friction and industry sentiment

The survey data indicates widespread pessimism regarding the near-term outlook for component availability. According to the report, 66% of surveyed industry professionals expect the aviation parts supply environment to worsen in the near future. Dissatisfaction is prevalent across multiple metrics, with 72% of respondents reporting frustration with parts pricing and 59% expressing dissatisfaction with current lead times.

Despite the high concern over pricing, the report highlights that the sheer time required to source components and access Illustrated Parts Catalogs (IPCs) has become the primary operational bottleneck for maintenance providers.

“Maintenance shops are spending too much time searching for parts, finding part numbers, waiting on backorders, and sourcing alternatives,” said Jon McLaughlin, CEO of TBX.

McLaughlin added that this administrative burden includes the time spent explaining limited options, or the complete lack thereof, to customers waiting for their aircraft to return to service.

Strategies for an aging piston fleet

With the average certified GA piston aircraft now over half a century old, the industry faces compounding challenges in keeping legacy airframes airworthy. The TBX report suggests that maintaining this fleet will require broader acceptance and availability of alternative components, including Parts Manufacturer Approval (PMA) items and serviceable used parts, alongside traditional Original Equipment Manufacturer (OEMs) supplies.

“As the GA fleet continues to age, improving parts availability, expanding access to technical data, and giving maintainers more options will be critical to keeping these aircraft flying,” McLaughlin stated in the release.

The company intends for the survey data to serve as a baseline for manufacturers and suppliers to address these bottlenecks. McLaughlin noted that the friction points identified by maintenance professionals require a coordinated response, stating that the issue cannot be solved by any single segment of the industry alone.

AirPro News analysis

The findings in the TBX report quantify a reality we hear frequently from general aviation maintenance providers. As the legacy piston fleet ages past the 50-year mark, the original supply-chains that supported these aircraft have often consolidated, pivoted to turbine markets, or ceased operations entirely. The high dissatisfaction with lead times points to a structural gap in the market. While PMA manufacturers have stepped in to produce high-demand replacement parts, the long tail of low-volume, specialized components remains a significant vulnerability for GA operators. If supply chain friction continues to outpace solutions, we may see an increase in aircraft grounded not for lack of funds, but for lack of basic hardware and approved technical data.

Sources: TBX via PR Newswire

Photo Credit: Stock Image

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