3,200,000 Shares of HEICO Corporation Class A Common Stock Offered at $20.00 Per Share.

MIAMI and HOLLYWOOD, Fla.--(BUSINESS WIRE)--Feb. 11, 1999--HEICO Corporation (NYSE:HEI) (NYSE:HEI.A) announced today the public offering of 3,200,000 shares of Class A Common Stock at a price of $20.00 per share. Of the total, 2,960,000 shares were offered by HEICO and 240,000 shares were offered by a selling shareholder. HEICO and the selling shareholder have each granted the Underwriters an option to purchase up to 240,000 additional shares to cover over-allotments, if any. The offering is being made by an underwriting group managed by Merrill Lynch & Co., Raymond James & Associates, Inc. and ING Baring Furman Selz LLC.

HEICO Corporation is engaged in certain niche segments of the aerospace, aviation and defense industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Aviation Products Corp. subsidiary. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense contractors and military agencies worldwide, including the United States Air Force, Navy and NASA. For more information concerning HEICO, please see our World Wide Web site at: http://www.stockprofile.com/hei/

Copies of the prospectus relating to the offering may be obtained from Merrill Lynch & Co., Tritech Services, Final Prospectus Department, 4 Corporate Place, 287 Corporate Parkway, Piscataway, New Jersey 08854; or from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716; or from ING Baring Furman Selz LLC, 230 Park Avenue, New York, New York 10169.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.