Every 8-K that Innovative Solutions & Support (ISSC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ISSC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ISSC filings page.
Innovative Solutions and Support, Inc. (Innovative Aerosystems) reported strong fiscal third quarter 2026 results for the period ended June 30, 2026. Revenue was $26.7 million, up 10.7% year over year, driven by growth in commercial and business aviation and contributions from recent acquisitions despite lower F-16 related revenue.
Gross profit rose to $13.8 million, with gross margin improving to 51.7% from 35.6%, helped by a favorable commercial aftermarket mix and prior-year F-16 transition costs. Net income was $4.5 million or $0.25 per diluted share, versus $2.4 million or $0.14. Adjusted EBITDA rose to $7.7 million, a 74.7% increase.
For the first nine months of 2026, free cash flow was $12.3 million, up from $4.8 million. Backlog stood at $82.9 million, and new orders were $22.7 million in the quarter. Total debt was $54.5 million and cash $10.7 million, for net debt of $43.8 million and a 1.4x Net Debt to trailing twelve-month Adjusted EBITDA leverage ratio.
Innovative Solutions and Support, Inc. (branded as Innovative Aerosystems) completed the acquisition of all membership interests of Sparton Aydin, LLC (Aydin Displays) from Sparton Corporation on July 21, 2026. The aggregate purchase price is $24,500,000, subject to customary working capital, indebtedness, and transaction expense adjustments under a Membership Interest Purchase Agreement. The acquisition was financed through borrowings under the company’s existing credit facility with J.P. Morgan Chase Bank, N.A. Aydin designs and builds ruggedized display technologies for demanding defense, security, aviation, medical, industrial, naval, ground, and aerospace applications, supports over 20 military platforms across more than 80 countries, operates from a 40,000 square foot facility in Birdsboro, Pennsylvania, and has approximately 50 employees.
The seller agreed to a covenant not to compete with the acquired business in the United States and Canada for five years following closing, and the parties entered into ancillary agreements including a Transition Services Agreement and a Supply Agreement. Aydin is expected to generate approximately $16 million of revenue in calendar 2026. Management highlights the transaction as strengthening display technology offerings, expanding exposure to naval and ground defense markets, enhancing the company’s U.S. manufacturing footprint, and broadening its engineering talent base. Required historical financial statements for Aydin and related pro forma financial information are expected to be filed by amendment within 71 days.
Innovative Aerosystems reported fiscal 2026 second quarter revenue of $22.4 million, up 2% year over year, as strong commercial and business aviation growth offset lower F-16 program sales. Non-F-16 revenue rose to $18.9 million, a 69% increase, while F-16 revenue declined by about $7 million versus an unusually strong prior-year quarter.
Gross margin was 51.1%, roughly in line with last year’s level. Net income fell to $3.4 million or $0.19 per diluted share, compared with $5.3 million or $0.30 a year earlier, reflecting higher R&D and acquisition-related costs. Adjusted net income was $4.8 million or $0.26 per share.
Adjusted EBITDA was $6.8 million, down from $7.7 million a year ago. New orders were about $24.7 million, and backlog reached approximately $87.0 million, up $7.4 million year over year. Free cash flow for the first six months of 2026 improved sharply to $7.7 million. The company ended March 31, 2026 with $55.1 million of total debt, net debt of $48.3 million, available liquidity of $49.8 million, and a net debt to trailing twelve-month Adjusted EBITDA ratio of 1.7x. Management highlighted three recent acquisitions expected to add about $10 million of annual revenue at roughly 50% blended gross margin and reiterated a long-term annual revenue target of $250 million.
Innovative Solutions and Support, Inc. reported results of its annual shareholder meeting, where a quorum of 14,239,180 common shares, representing 80% of shares outstanding as of January 26, 2026, was present. All seven director nominees were elected to serve until the 2027 annual meeting.
Shareholders ratified Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026, with 14,186,528 votes in favor. Investors also recommended holding the advisory vote on executive compensation every year and approved the say-on-pay resolution for the company’s named executive officers.
Innovative Solutions and Support, Inc. (Innovative Aerosystems) completed two strategic transactions with Honeywell, acquiring avionics and power-generation assets and licenses for $22.0 million and $8.0 million in cash. The first deal covers legacy general aviation autopilots, nav/com radios, multifunction displays and transponders, including contracts, production and repair rights, specialized tooling and test equipment.
The second agreement provides assets and an exclusive license tied to electronic generators and Generator Control Units for Boeing 767 passenger and freighter aircraft, the KC-46 tanker and the F-15 platform. Both agreements include intellectual property rights, contract assignments, and Transition Services Agreements under which Honeywell will supply technical support as Innovative Aerosystems integrates and manufactures these product lines.
Innovative Solutions & Support (Innovative Aerosystems) reported a very strong fiscal 2026 first quarter. Revenue rose to $21.8 million, up 36.5% from a year earlier, driven mainly by higher commercial aftermarket product and services sales. Gross margin expanded to 54.5% from 41.4% as mix shifted toward higher-margin commercial work.
Net income increased to $4.1 million, or $0.22 per diluted share, compared with $0.7 million, or $0.04 per share, last year. Adjusted net income was $4.5 million, or $0.25 per diluted share. Adjusted EBITDA more than doubled to $7.4 million, giving a 34% margin.
Free cash flow jumped to $7.0 million, supported by $8.2 million of operating cash flow and modest capital spending. Backlog was about $75 million with roughly $19 million of new orders. Net debt fell to $15.5 million and the leverage ratio improved to 0.5x, with total liquidity of $83.3 million.
Innovative Solutions and Support, Inc., doing business as Innovative Aerosystems, furnished an update that it has released its financial results for its fiscal fourth quarter and full fiscal year 2025. The results cover the period ended September 30, 2025 and were announced in a press release dated December 18, 2025.
The press release with the detailed numbers and commentary is attached as Exhibit 99.1 and is incorporated by reference. The company notes that this information is being furnished under the rules for current reports and is not treated as filed for liability purposes under the securities laws.
Innovative Solutions and Support (ISSC) expanded its Board of Directors to seven members and appointed Richard Silfen as an independent director, effective immediately. He will serve until the next annual meeting or until a successor is elected and qualified.
Silfen is General Counsel at Hildred Capital Management and previously served as partner and Co-Chair of M&A at Duane Morris LLP from June 2015 to June 2025, leading acquisitions, divestitures, business combinations, control transactions, and capital formation work.
The Board determined he is independent under applicable rules. There are no family relationships, no related‑party transactions requiring disclosure, and no grants or awards made in connection with his appointment. He will participate in the Company’s standard non‑employee director compensation program as previously described. The Company issued a press release announcing the appointment.
Innovative Solutions and Support, Inc. filed a Form 8-K to furnish a press release announcing its financial results for the fiscal third quarter ended June 30, 2025. The company states that the press release, dated August 14, 2025, is attached as Exhibit 99.1 and is incorporated by reference.
The information under Item 2.02, including the exhibit, is being furnished rather than filed, which means it is not subject to certain liability provisions of the Securities Exchange Act of 1934 and is not automatically incorporated into other securities law filings.
Innovative Solutions & Support (ISSC) signed a new five-year Credit Agreement with JPMorgan Chase on 18 Jul 2025 providing up to $100 million in committed financing.
- Revolver: $30 m; availability for working capital & general corporate use.
- Initial Term Loan: $25 m drawn immediately; quarterly amortization of $0.625 m begins 30 Sep 2025.
- Delayed-Draw Term Loan: $45 m available solely for permitted acquisitions; 2.5 % quarterly amortization starts after 18 Jan 2026.
The facility replaces a $35 m PNC revolver, refinancing that debt and increasing total liquidity by $65 m. All loans mature five years from first advance and are secured by substantially all domestic assets, including the Exton, PA headquarters. Borrowings bear interest at either (i) Alternate Base Rate +0.75–1.75 % or (ii) Term SOFR +1.75–2.75 %, depending on total net leverage; default rate is +200 bp. Covenants restrict additional debt, liens, investments, dispositions and dividends; cross-default threshold is $2.5 m. ISSC may request a further $25 m in incremental commitments, subject to lender consent.
The arrangement significantly extends borrowing capacity and funds potential M&A, but increases secured leverage and exposes the company to floating-rate costs.