Type Public: (NASDAQ: ISSC) Products Avionics Founded 12 February 1988 | Industry Aerospace Operating income Number of employees 165 | |
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Key people Geoffrey Hedrick, (CEO), Roman G. Ptakowski (President) Revenue 30.53 million USD (2008) Stock price ISSC (NASDAQ) US$ 3.14 0.00 (0.00%)10 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters Malvern, Pennsylvania, United States Subsidiaries Innovative Solutions & Support LLC, IS&S Holdings, Inc, IS&S Aviation Inc Profiles | ||
Innovative Solutions & Support, Inc. is an avionics company based in Exton, Pennsylvania, USA. IS&S designs, develops, manufactures and markets flight information computers, flat-panel displays and advanced monitoring systems to the military, airline, manufacturer and corporate/general aviation markets. IS&S initially limited itself to retrofits only, but in 2007 the first OEM contract was signed with Eclipse Aviation.
Contents
History
1988: IS&S Founded by Geoffrey Hedrick.
1989: Developed the Digital Fuel Quantity Indicating System (FQIS) for the A-10, DC-10, DC-9, and KC10.
1990s: Received SSBA Altimeter Contracts for the F-16, F5, A10, and T2.
Developed the C130H Engine Instruments for Lockheed.
FAA granted RVSM Certification for the Gulfstream GII and KC-135.
Awarded KC-135 RVSM Production Contract for approximately 600 aircraft.
Completed C-9 RVSM compliance for the United States Navy.
2000: Initial Public Offering.
Integrated Flat Panel Display Certification on PC-12.
2001: Certified various RVSM solutions for Business Jets.
FAA granted Boeing 727 and Boeing 737 RVSM Certification.
Developed the Cockpit/IP Flat Panel Display System.
2002: Won contract to supply the USAF A-10 with IS&S Central Air Data Computer (CADC)
Delivered Digital Air Data Computer (DADC) replacements for the NASA T-38.
Received US Navy contract for the P-3 TITI Indicator.
2003: Awarded US Navy NAVSEA LCAC Flat Panel Cockpit Upgrade program.
Awarded AROCDU / Pilot Mission Display (PMD) for Boeing 767 Tanker Program.
Received RAAF C-130 DADC replacement contract.
2004: Surpassed 35 RSVM certifications with air data partners in the aftermarket.
Launched LCAC Flat Panel Cockpit Upgrade for the US Navy NAVSEA.
Awarded contract for USAF A-10 CADC Production Option.
2005: Foreign Military C-130 Flat Panel Engine Instrument Display System (EIDS).
Completed STC and TSO for Boeing Flat Panel EFIS Display System with ABX Air.
Contract for KDC-10 Flat Panel Display System.
2006: Received Pilatus PC-12 EFIS Flat Panel display STC from the FAA.
Signed multiple Pilatus PC-12 STC Distributorship Agreements.
FAA granted Boeing 757 STC and TSO approval for Flat Panel EFIS Display System.
Awarded USAF SSBA Altimeter contract for the F-16 and A10 aircraft.
2007: Signed American Airlines contract to retrofit their fleet of Boeing 757/767 with IS&S Cockpit/IP.
Eclipse Aviation awards Avio NG integrated flat panel display contract to IS&S.
Signed Cessna agreement to retrofit Citations 500, 501, 550, S550, 560, and 650.
Awarded US Coast Guard C-130 Flat Panel Engine Instrument Display System upgrade.
2008: Introduced the Vantage Flat Panel Display system with an open architecture to interface with most third party avionics.
Eclipse Aviation successfully completes Eclipse 500 first flight with Avio NG avionics suite.
First delivery of Eclipse 500 aircraft with IS&S Cockpit/IP displays.
American Airlines First flight with IS&S Cockpit/IP displays.
Partnered with Finnoff Aviation to bolster Pilatus PC-12 Cockpit/IP display sales.
Air data
IS&S produces both air data computers, as well as the instruments necessary to display the information. Digital displays (LCDs) are incorporated within round dials, providing more information then traditional instruments. Another display option is to use a primary flight display (PFD). IS&S air data units comply with RVSM rules and the company is a major supporter of the new technology.
Engine and fuel data
Engine and fuel information is also displayed on flat panel displays, or digital versions of traditional instruments. IS&S instruments can display a number of different measurements from various sensors placed in the engine and fuel system.
Cockpit display systems
IS&S has developed a number of full cockpit display solutions. Packages include a Boeing 757/Boeing 767 retrofit cockpit, C-130 retrofit cockpit, and a brand new Eclipse 500 Avio Next-Generation cockpit. The retrofit products include multiple PFDs and MFDs which replace a large number of traditional instruments. The Avio Next Generation cockpit is a brand new display system developed for new Eclipse 500 very light jets.
Eclipse Partnership
On March 5, 2007, shortly after its announcement to part with Avidyne, Eclipse Aviation published an announcement that described the Next Generation Avio System and its suppliers. Innovative Solutions & Support, Inc. was listed as the main supplier and will provide the bulk of the package, including the PFD and MFD displays and the software included with them. This agreement is one of the biggest for IS&S. The day after the announcement, IS&S stock increased almost 20%, closing at $23.10, a 20-month high. Volume increased over 500% to just over 1 million shares.