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Heico Acquires EDT, Seal

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HOLLYWOOD, Fla. & BEAVERTON, Ore., Nov. 7 -- Hollywood, Fla.-based Heico said Friday it bought all the stock of Engineering Design Team (EDT), based in Beaverton, and most of the assets of an EDT affiliate for cash. Financial terms were not disclosed. EDT makes products that link devices such as telemetry receivers, digital cameras, high-resolution scanners, simulation systems and test systems to computers. Founded in 1987 by David Lowry, current president, and Chet Britten, current vice president, EDT has about 25 employees. Heico said it has no plans for employee turnover in Beaverton...Read full article

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    Published: November 2005
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    aviationdefensedigital camerasEDTEngineering Design TeamHeicoindustrialNews & Featuresphotonicsspace and electronics

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