Innovative Solutions & Support Acquires License for Honeywell's Display Generator and Flight Control Computer Product Line, Strengthening Position in Military Market [Yahoo! Finance]
Innovative Solutions and Support, Inc. (ISSC)
US:NASDAQ Investor Relations:
innovative-ss.com/investor-relations
Company Research
Source: Yahoo! Finance
The deal includes an exclusive license to manufacture, upgrade, and repair the product line. The agreement also grants IS&S exclusive intellectual property rights and includes the transfer of existing inventory necessary for continued manufacturing and support of the products. This acquisition significantly expands IS&S's capabilities and enhances its presence within the military aviation sector. Following a transition period, IS&S, will be responsible for the activities formerly performed by Honeywell. Shahram Askarpour, Chief Executive Officer of IS&S, commented, "We are pleased to secure this exclusive licensing agreement from Honeywell, further building on our recent successful transactions with this important strategic partner. This latest transaction not only strengthens our position in the military aviation market, but also enables us to further gain operational efficiencies. We are confident this transaction will enhance our brand's growth and further expand IS&S's position
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News
- Innovative Solutions and Support, Inc. (ISSC): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- According to Analysts, Innovative Solutions and Support, Inc. (ISSC) Poised for Significant Growth in Defense Sector [Yahoo! Finance]Yahoo! Finance
- IS&S’s ThrustSense® Autothrottle Selected for U.S. Army C-12 FleetBusiness Wire
- Innovative Solutions & Support Acquires License for Honeywell’s Display Generator and Flight Control Computer Product Line, Strengthening Position in Military MarketBusiness Wire
- IS&S Gains FAA Approval for a Digital Engine-Indicating and Crew-Alerting System (EICAS) for Its Flat Panel Display System (FPDS)Business Wire
ISSC
Sec Filings
- 10/3/24 - Form 8-K
- 9/12/24 - Form 8-K
- 9/10/24 - Form 8-K
- ISSC's page on the SEC website