IS&S Receives Flat Panel Display System Orders From Online Retailers’ Air Carrier Operation

Rhea-AI Summary

Innovative Solutions & Support (NASDAQ: ISSC) has secured a contract with a leading online retailer to retrofit their Boeing aircraft with its advanced Cockpit/IP® Flight/Navigation Display System. The initial order includes 11 ship sets. This retrofit aims to enhance operational performance, reduce fuel consumption and CO₂ emissions, and simplify maintenance, all while increasing the residual value of older aircraft. The upgrade can be completed in just 24 hours by utilizing existing wiring, thereby minimizing downtime.

Positive

• Contract secured for 11 ship sets of Cockpit/IP® systems, indicating new revenue streams.
• Retrofit enhances operational performance, safety, and maintenance simplicity for older aircraft.
• Decreases fuel consumption and CO₂ emissions, contributing to sustainability.
• Quick installation process (24 hours) minimizes aircraft downtime.

Negative

• None.

Innovative Solutions & Support (IS&S) (NASDAQ: ISSC) was contracted by a premier on-line retailer for upgrades to its expanding air carrier operation, and is now retrofitting this operator’s Boeing aircraft with their state-of-the-art Cockpit/IP® Primary Flight/Navigation Flat Panel Display System. Initial orders are for 11 ship sets of the system.

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 Boeing 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.

Included in the upgrade is the IS&S Integrated Standby Unit (ISU), which calculates, processes and displays altitude, attitude, airspeed, slip/skid, and navigation display information into a concise single instrument.

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.

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