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IS&S Receives Multi-Million Dollar Contract from Major Aerospace Company for Military Products

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Innovative Solutions & Support (NASDAQ: ISSC) has secured a multi-million-dollar contract to supply its 19" Multifunction Display (MFD) with an Integrated Mission Computer for a Commercial Derivative platform used by several Foreign Militaries. The versatile display features a multi-touchscreen interface and can perform various functions, including data integration, primary flight/navigation information display, and mission planning. IS&S has integrated the Display Unit and Mission Computer into a single unit, simplifying installation.

CEO Shahram Askarpour emphasized the company's commitment to developing advanced products that enhance mission capability and performance. This contract builds on existing OEM programs with Pilatus Aircraft, Textron Aviation, and The Boeing Company for various aircraft models.

Innovative Solutions & Support (NASDAQ: ISSC) ha ottenuto un contratto multimilionario per fornire il suo display multifunzionale da 19" (MFD) con un computer di missione integrato per una piattaforma derivata commerciale utilizzata da diverse forze militari estere. Il display versatile è dotato di un'interfaccia touchscreen multi-tocco e può eseguire varie funzioni, inclusa l'integrazione dei dati, la visualizzazione delle informazioni primarie di volo/navigazione e la pianificazione delle missioni. IS&S ha integrato l'unità display e il computer di missione in un'unica unità, semplificando così l'installazione.

Il CEO Shahram Askarpour ha sottolineato l'impegno dell'azienda nello sviluppo di prodotti avanzati che migliorano la capacità e le prestazioni della missione. Questo contratto si basa su programmi OEM esistenti con Pilatus Aircraft, Textron Aviation e The Boeing Company per vari modelli di aerei.

Innovative Solutions & Support (NASDAQ: ISSC) ha asegurado un contrato multimillonario para suministrar su pantalla multifuncional de 19" (MFD) con un ordenador de misión integrado para una plataforma derivada comercial utilizada por varias fuerzas militares extranjeras. La pantalla versátil cuenta con una interfaz de pantalla táctil multipunto y puede realizar diversas funciones, incluyendo la integración de datos, la visualización de información primaria de vuelo/navegación y la planificación de misiones. IS&S ha integrado la unidad de pantalla y el ordenador de misión en una sola unidad, simplificando la instalación.

El CEO Shahram Askarpour enfatizó el compromiso de la empresa de desarrollar productos avanzados que mejoren la capacidad y el rendimiento de la misión. Este contrato se basa en programas OEM existentes con Pilatus Aircraft, Textron Aviation y The Boeing Company para varios modelos de aeronaves.

Innovative Solutions & Support (NASDAQ: ISSC)는 여러 외국 군대에서 사용하는 상용 파생 플랫폼에 대해 19" 다기능 디스플레이(MFD)와 통합 미션 컴퓨터를 공급하는 수백만 달러 규모의 계약을 체결했습니다. 이 다용도 디스플레이는 멀티 터치스크린 인터페이스를 갖추고 있으며, 데이터 통합, 주요 비행/항법 정보 표시 및 미션 계획 등 다양한 기능을 수행할 수 있습니다. IS&S는 디스플레이 장치와 미션 컴퓨터를 하나의 장치로 통합하여 설치를 간소화했습니다.

CEO인 Shahram Askarpour는 미션 능력과 성능을 향상시키는 고급 제품 개발에 대한 회사의 의지를 강조했습니다. 이 계약은 Pilatus Aircraft, Textron Aviation, The Boeing Company와의 기존 OEM 프로그램을 기반으로 하며, 다양한 항공기 모델에 적용됩니다.

Innovative Solutions & Support (NASDAQ: ISSC) a obtenu un contrat de plusieurs millions de dollars pour fournir son écran multifonction de 19" (MFD) avec un ordinateur de mission intégré pour une plateforme dérivée commerciale utilisée par plusieurs forces militaires étrangères. L'écran polyvalent est équipé d'une interface écran tactile multi-touche et peut exécuter diverses fonctions, y compris l'intégration des données, l'affichage des informations de vol/navigation principales et la planification des missions. IS&S a intégré l'unité d'affichage et l'ordinateur de mission en une seule unité, simplifiant ainsi l'installation.

Le PDG Shahram Askarpour a souligné l'engagement de l'entreprise à développer des produits avancés qui améliorent les capacités et les performances des missions. Ce contrat s'appuie sur des programmes OEM existants avec Pilatus Aircraft, Textron Aviation et The Boeing Company pour divers modèles d'avions.

Innovative Solutions & Support (NASDAQ: ISSC) hat einen mehrmillionen Dollar schweren Vertrag zur Lieferung seines 19" Multifunktionsdisplays (MFD) mit einem integrierten Missionscomputer für eine kommerzielle Derivat-Plattform, die von mehreren ausländischen Militärs verwendet wird, gesichert. Das vielseitige Display verfügt über eine Multi-Touchscreen-Oberfläche und kann verschiedene Funktionen ausführen, einschließlich Datenintegration, Anzeige der primären Flug-/Navigationsinformationen und Missionsplanung. IS&S hat die Anzeigeeinheit und den Missionscomputer in eine einzige Einheit integriert, was die Installation vereinfacht.

CEO Shahram Askarpour betonte das Engagement des Unternehmens, fortschrittliche Produkte zu entwickeln, die die Missionseffizienz und -leistung verbessern. Dieser Vertrag basiert auf bestehenden OEM-Programmen mit Pilatus Aircraft, Textron Aviation und The Boeing Company für verschiedene Flugzeugmodelle.

Positive
  • Secured multi-million-dollar contract for military products
  • Immediate commencement of deliveries
  • Integration of Display Unit and Mission Computer into a single unit, reducing installation complexity
  • Expansion of existing OEM programs with major aerospace companies
Negative
  • None.

Insights

The multi-million dollar contract secured by IS&S is a significant win for the company, potentially boosting its revenue and market position in the aerospace sector. While the exact contract value isn't disclosed, the immediate commencement of deliveries suggests a positive impact on near-term cash flow.

This contract reinforces IS&S's position in the military aerospace market, expanding its customer base to include foreign militaries. The integration of display and mission computer functionalities into a single unit demonstrates IS&S's technological edge, which could lead to improved profit margins and competitive advantage.

Investors should note that this contract adds to IS&S's growing portfolio of OEM programs, including partnerships with major players like Boeing and Textron. This diversification could potentially reduce business risk and provide more stable revenue streams in the long term.

IS&S's 19" Multifunction Display with Integrated Mission Computer represents a significant technological advancement in avionics. The integration of display and mission computer into a single unit is a game-changer, offering several advantages:

  • Reduced wiring needs, simplifying installation and maintenance
  • Potential weight reduction, contributing to fuel efficiency
  • Enhanced data integration capabilities

The multi-touchscreen interface and versatile functionality make this system highly adaptable for various military applications. The ability to perform mission planning, execution and data display with advanced processors indicates a leap in operational efficiency for military aircraft.

This technology could position IS&S as a key player in military avionics modernization efforts globally, opening doors for future contracts and partnerships.

This contract signals growing demand for advanced avionics in the military sector, particularly among foreign militaries. The trend towards modernizing commercial derivative platforms for military use presents a lucrative market opportunity for companies like IS&S.

The company's expanding OEM relationships, now including foreign militaries alongside established partnerships with Pilatus, Textron and Boeing, indicate a strong market position and potential for further growth. This diversification across commercial and military sectors could provide resilience against market fluctuations.

Investors should monitor the global defense spending trends, particularly in regions where IS&S's technology is being adopted. Any geopolitical tensions or increased military modernization efforts could potentially drive further demand for IS&S's products, impacting the company's future performance and stock value.

EXTON, Pa.--(BUSINESS WIRE)-- Innovative Solutions & Support (IS&S) (NASDAQ: ISSC) received a multi-million-dollar production order contract to supply its 19” Multifunction Display (MFD) with an Integrated Mission Computer on a Commercial Derivative platform in current use by several Foreign Militaries. Deliveries will begin immediately.

The IS&S 19” Multifunction Display is a versatile flat panel display with multi-touchscreen interface for commercial and military aircraft. This display can perform a variety of functions including data integration, displaying primary flight/navigation information, mission planning and execution and mission data display utilizing latest generation integrated processors which power the Mission Computer. IS&S has integrated the Display Unit (DU) and the Mission Computer into a single unit, reducing wiring needs allowing for easy installation.

“IS&S continues to develop new generations of increasingly sophisticated and technically advanced products delivering improved mission capability and performance to military operators,” IS&S CEO Shahram Askarpour stated. “We are pleased to begin deliveries on this contract and look forward to continuing our development of state-of-the-art products that increase automation, enhance the efficiency and safety of commercial and military operations.”

This marks the latest OEM contract for IS&S building on existing OEM programs with Pilatus Aircraft for the PC-24, Textron Aviation for the King Air 260/360 and The Boeing Company for the KC-46A, KC-767A and the T-7A.

About Innovative Solutions & Support, Inc.

Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. (www.innovative-ss.com) is a U.S.-based company specializing in the engineering, manufacturing, and supply of advanced avionic solutions. Its extensive global product reach and customer base span commercial and military markets, catering to both airframe manufacturers and aftermarket services for fixed-wing and rotorcraft applications. IS&S offers cutting-edge, cost-effective solutions while maintaining legacy product lines. The company is poised to leverage its experience to create growth opportunities in next-generation navigation systems, advanced flight deck and special mission displays, precise air data instrumentation, autothrottles, flight control computers, mission computers and software based situational awareness targeting autonomous flight. Supported by a robust portfolio of patents and the highest aircraft certification standards, IS&S is at the forefront of meeting the aerospace industry's demand for more sophisticated and technologically advanced products.

This release may contain certain statements of a forward-looking nature relating to future events. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements due to factors such as those discussed in filings made by the Company with the SEC, and readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Innovative Solutions & Support, Inc.

IR CONTACT

Paul Bartolai or Noel Ryan

ISSC@val-adv.com

Source: Innovative Solutions & Support, Inc.

FAQ

What is the value of the contract ISSC received for its military products?

The contract ISSC received is described as a multi-million-dollar production order, but the exact value is not specified in the press release.

What product is ISSC supplying under this new contract?

ISSC is supplying its 19" Multifunction Display (MFD) with an Integrated Mission Computer for a Commercial Derivative platform used by several Foreign Militaries.

When will ISSC begin deliveries for this new contract?

According to the press release, deliveries will begin immediately.

What are some of the existing OEM programs ISSC is involved in?

ISSC has existing OEM programs with Pilatus Aircraft for the PC-24, Textron Aviation for the King Air 260/360, and The Boeing Company for the KC-46A, KC-767A, and the T-7A.

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