Billionaire investor and chairman of Berkshire Hathaway, Warren Buffett, bought 1.04 million Class A shares of aerospace and electronics company Heico Corporation (NYSE: HEI.A) for $185.37 million in Q2, according to the latest 13F filing. Heico operates in two segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG), where most of its revenue comes from the FSG segment.
The FSG segment offers premium aftermarket parts supply and repair solutions to top airlines worldwide. It is a leading supplier of FAA-approved aircraft engine and component parts and provides maintenance, repair, and overhaul services fulfilled via its subsidiaries to commercial, defence, and industrial clients. Meanwhile, ETG designs and develops electrical subcomponents and systems, including power supplies, microwave latching switches, harsh environment connectors, and memory modules for aeroplanes, satellites, missiles, launch vehicles, and medical devices.
