HEICO REACHES ACCORD TO PURCHASE COMPONENT OVERHAULER NORTHWINGS

Hollywood, Fla.-based Heico Corp. agreed to buy aircraft engine and airframe accessories service specialist Northwings Accessories for $10.5 million, and expects to close the deal by the end of next month. The agreement calls for Heico to pay $7 million in cash and $3.5 million of its stock for...

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