Innovative Solutions & Support, Inc., today announced it has entered into an exclusive license agreement and acquired additional key assets for certain Communication and Navigation product lines from Honeywell International, Inc.. This license complements the previous Honeywell license and asset acquisition completed in June 2023.
Under the agreement, IS&S will license the exclusive Intellectual Property rights to manufacture, upgrade and repair additional Honeywell Communication and Navigation products. The purchased assets include existing inventory required to manufacture, repair, and upgrade the products.
“We are pleased by the opportunity to license these additional product lines from Honeywell, which is consistent with our growth strategy, and builds on the successful transaction completed last year,” stated Shahram Askarpour, Chief Executive Officer of IS&S. “These new products will further strengthen our offerings in the air transport, business aviation, and military markets, establish relationships with new key customers and enable us to further leverage the operational capacity in our state-of-the-art Exton manufacturing facility. The product lines previously licensed from Honeywell have provided us the opportunity to generate new incremental revenue streams, drive operating efficiencies, and partner with new customers to pursue new business development opportunities, and we see similar potential benefits from these new assets.”
“The additional product lines licensed from Honeywell are complementary to our legacy product portfolio, consistent with the key pillars of our acquisition strategy,” stated Jeff DiGiovanni, Chief Financial officer of IS&S. “Following the transaction, we maintain a strong financial profile, with our cash and availability under our existing credit facility providing us ample liquidity to support ongoing operations, as well as the financial flexibility to pursue our growth objectives, including additional potential acquisitions, which is becoming an important part of our growth strategy.”
| Contact details from our directory: | |
| Innovative Solutions & Support Inc. (IS&S) | LCD Displays, Pressure Altimeters, Engine Indicator Instruments, RVSM Equipment, Air Data Computers, Airspeed Indicators, Fuel Quantity Indicators, Autothrottle Systems, Electronic Flight Instrument Systems, GPS |
| Honeywell Aerospace | Air Conditioning Equipment, Air Conditioning Equipment, Magnetometers, Cockpit Printers, Airborne Communication Systems, Cooling Systems, Cargo Systems, Airspeed Indicators, WAAS Equipment, Starter Generators, Bleed Air Systems, Air Purification Systems, Flight Management Systems, Engine Parts, Pneumatic Systems Equipment, Automatic Flight Control Systems, Inertial Components & Systems, Multi-Mode Receivers (MMR), Auxiliary Power Units, Cabin Pressure Control Systems, Autopilots, Cockpit Control Systems, Avionics Management Systems, Automatic Direction Finders, Distance Measuring Equipment, Transceivers, VOR (Omnirange) Receivers, Radio Communications Equipment, GPS, Attitude and Heading Reference Systems, Radar/Radio Altimeters, Terrain Awareness and Warning Systems, Horizontal Situation Indicator, Heading Indicators, Onboard Intercom Systems, Electronic Flight Instrument Systems, Flight Recorders, Collision Avoidance Systems/TCAS, Fly-by-Wire Systems, Air Data Computers, Cabin Management Systems, Weather Mapping Radar, Emergency Locator Transmitters, Radar Transponders, IFF Interrogators, Glide Slope Receivers, Weapons Countermeasures, LCD Displays, Moving Maps, Enhanced Vision Systems (EVS), Inflight Entertainment, Angle of Attack Indicators, Proximity Sensors, Testing Services, Environmental Testing Services, Electromagnetic Test Services, Electric Power Controllers, Cockpit Video Displays, Fibre Optic Gyroscopes, Fuel Tanks & Systems, Precoolers |
| Related directory sectors: |
| Navigation Aids (Airborne) |
| Communications (Airborne) |
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