Innovative Solutions & Support Flat Panel Display System Upgrade Continues Strong Growth in Air Cargo Sector

Rhea-AI Summary

Innovative Solutions & Support (NASDAQ: ISSC) announced that its Cockpit/IP® FPDS system upgrade is now operational on over 400 Boeing 757 and 767 aircraft worldwide. The shift towards cargo operations has increased demand for freight-configured aircraft, benefiting older models like these. The upgrade enhances operational performance, reduces fuel consumption, and lowers CO2 emissions while increasing aircraft value. The retrofit can be installed in 24 hours, simplifying maintenance and reducing downtime by eliminating 180 pounds of legacy equipment.

Positive

• Over 400 Boeing 757 and 767 aircraft upgraded with Cockpit/IP® system.
• Increased demand for freight-configured aircraft beneficial for older models.
• Enhancements in operational performance, fuel efficiency, and safety.
• Installation completed in 24 hours with reduced component count by 70%.

Negative

• None.

Innovative Solutions & Support (IS&S) (NASDAQ: ISSC) today announced their Cockpit/IP® FPDS System Upgrade for Boeing 757 and 767 aircraft is now in operation on well over 400 airplanes worldwide. IS&S stated, “the significant shift in air carrier operations toward cargo movements has brought the need for more freight-configured aircraft to the marketplace, and many available aircraft for that mission are these proven Boeing airliners.”

IS&S believes the growth trend toward older aircraft being reconfigured for cargo operations will continue, as these aircraft provide a cost-effective ease of entry for the legacy carriers and also for newer operators initiating or expanding their air cargo platforms. “The IS&S system provides greatly enhanced economy for these older aircraft, and also increases their residual values as well as delivering safety benefits to everyday operations. Several notable freight operators have opted into our Cockpit/IP® system upgrade for their Boeing fleets,” IS&S stated.

The IS&S flight deck upgrade replaces aging flight instruments on the Classic Series Boeing 737 and the 757/767, utilizing a common 10.4-inch LCD display architecture that IS&S developed and certified to increase operational performance, improve dispatch and on-time arrival, simplify maintenance, enhance situational awareness and improve safety for legacy aircraft. The IS&S retrofit decreases fuel consumption and aircraft weight, resulting in operational savings and reduced CO2 emissions. The system also achieves 3 and 10 day MMEL approval.

Utilizing existing wiring, the installation can be completed in 24 hours while reducing the component count by 70% and removing approximately 180 pounds of legacy equipment, without the operator having to wait through heavy maintenance checks and extended aircraft downtime.

About Innovative Solutions & Support, Inc.

Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. (www.innovative-ss.com) is a systems integrator that designs and manufactures flight guidance and cockpit display systems for Original Equipment Manufacturers (OEM’s) and retrofit applications. The company supplies integrated Flight Management Systems (FMS) and advanced GPS receivers for precision low carbon footprint navigation.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201215006059/en/

FAQ

What is the significance of ISSC's Cockpit/IP® system upgrade?

The upgrade enhances performance and safety for over 400 Boeing 757 and 767 aircraft, responding to the rising demand for freight-configured aircraft.

How long does the installation of the Cockpit/IP® system take?

The installation can be completed in 24 hours, minimizing downtime for aircraft.

What are the environmental benefits of the Cockpit/IP® upgrade?

The retrofit reduces fuel consumption and CO2 emissions, contributing to a lower carbon footprint.

How does the Cockpit/IP® system affect aircraft value?

The upgrade increases the residual values of older aircraft, making them more appealing for freight operations.

What future trends does ISSC anticipate in the aviation market?

ISSC expects continued growth in the reconfiguration of older aircraft for cargo operations.