HEICO Corporation (HEICO), through its subsidiaries is the manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. HEICO is also a manufacturer of various types of electronic equipment for the aviation, defense, space, industrial, medical, telecommunication and electronic industries. The Company operates in two segments: The Flight Support Group (FSG) and the Electronic Technologies Group (ETG). Its FSG, consisting of HEICO Aerospace Holdings Corp. (HEICO Aerospace) and its subsidiaries, accounted for 70% of its net sales during the fiscal year ended October 31, 2011 (fiscal 2011). In October 2013, HEICO Corporation announced that its Electronic Technologies Group completed its planned acquisition of Lucix Corporation.